<P> An inactive record is a record that is no longer needed to conduct current business but is being preserved until it meets the end of its retention period , such as when a project ends , a product line is retired , or the end of a fiscal reporting period is reached . These records may hold business , legal , fiscal , or historical value for the entity in the future and , therefore , are required to be maintained for a short or permanent duration . Records are managed according to the retention schedule . Once the life of a record has been satisfied according to its predetermined period and there are no legal holds pending , it is authorized for final disposition , which may include destruction , transfer , or permanent preservation . </P>
<P> An inactive record is a record that is no longer needed to conduct current business but is being preserved until it meets the end of its retention period , such as when a project ends , a product line is retired , or the end of a fiscal reporting period is reached . These records may hold business , legal , fiscal , or historical value for the entity in the future and , therefore , are required to be maintained for a short or permanent duration . Records are managed according to the retention schedule . Once the life of a record has been satisfied according to its predetermined period and there are no legal holds pending , it is authorized for final disposition , which may include destruction , transfer , or permanent preservation . </P>
in what four areas may a record have value for an organization
in what four areas may a record have value for an organization
business legal fiscal historical
business legal fiscal historical