Companies Implement __________ Systems to Retain and Archive Their Business

question 2

Multiple Choice

Companies implement __________ systems to retain and archive their business records that are not needed for current operations or decisions,but that must be accessible for legal or auditing obligations.

• A)electronic records management
• B)database management
• C)archive management
• D)infrastructure management

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Definitions:

Unenforceable

A term describing a contract or clause that is not legally binding or cannot be enforced by law.

Independent Entity

An organization or body that operates autonomously, without control by another organization.

Partnership Law

The branch of law dealing with the formation, operation, and dissolution of business partnerships, outlining the rights and responsibilities of partners.

Fiduciary Duty

A legal obligation of one party to act solely in the interest of another party, such as a trustee to a beneficiary.