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A business classification scheme and retention schedule are essential for managing records throughout their lifecycle. This system controls workflow activities and organizes records based on organizational activities. Classification schemes use codes to categorize records, making it easier to locate them. Having a classification scheme in place is important for efficient retrieval and organization of records. Retention schedules are tied to classification schemes, determining how long records should be kept before disposition. Understanding the basics of classification and retention is crucial for effective record management in an organized database system.
