Electronic storage of entity financial and nonfinancial records is expensive and access to the information in data warehouses is limited to data mining activities.

Question

Quizplus · Accepted Answer

Electronic storage of entity financial and nonfinancial records may incur some costs, but it is generally less expensive than physical storage. Additionally, access to information in data warehouses can be limited, but it is not exclusively limited to data mining activities. Users with proper permissions can access and retrieve specific records or reports as needed.

Electronic Storage of Entity Financial and Nonfinancial Records Is Expensive