Oracle Learning Cloud 2024 Implementation Professional Quiz 01 15Nov24 - Practice Quiz

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Question 1 of 30

In a financial services company using Oracle Learning Cloud, the data retention policy mandates that customer transaction records must be retained for a minimum of seven years. The company is considering implementing an archiving strategy to manage the growing volume of data. Which approach best aligns with the principles of effective data archiving and retention policies?

Archive transaction records older than seven years while ensuring that they remain accessible for audits and compliance checks.

Retain all transaction records indefinitely to avoid any risk of losing important data for future reference.

Archive all transaction records after three years to reduce storage costs, regardless of their relevance to compliance requirements.

Delete transaction records older than seven years to free up storage space and improve system performance.

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