MHA 705 Exam 2 Questions with 100% Correct Answers | Verified | Updated Information theory - Correct Answer-is a branch of applied mathematics and electrical engineering and involves the quantification of information. Contemporary information management practices rest on three foundational principles - Correct Answer-information asset management (IAM), information management (IM) and information governance (IG). Information life cycle as 5 stages - Correct Answer--record creation, capture, or receipt -record maintenance and use -classification and metadata -record audit and data controls - record preservation and retentionRecord creation, capture or receipt - Correct Answer-includes creating, editing and reviewing work in progress as well as capturing content or receipt of content. Record maintenance and use - Correct Answer-records must be maintained in such a way that they are accesible and retrievable. Components includes; functions, rules, and protocols for indexing, searching, retrieving, processing, routing and distributing. Classification and metadata - Correct Answer-critical component of records management. Creates categories or groups of records necessary for access, search, retrieval, retention, and disposition of records. Metadata - Correct Answer-generated at various points in the records management lifecycle, providing underlying data to describe the document, soecify access controls and rights, provide retention and disposition instructions, and maintain the record