Answer:
The Answer is, True.
Step-by-step explanation:
The filing and record keeping is an important process that aid in maintaining necessary, timely information and focuses more on having accurate and updated information.
By maintaining a good filing and record system, most of your informational needs can be met and this will be highly beneficial during strategic planning and quick decision making.
Moreover, a good filing and record system will be useful during tax work and other related legal requirements.