Final answer:
The correct answer is 'vital.' Vital records contain essential information critical to the operations and continuity of a firm, including sensitive data such as financial documents and legal contracts.
Step-by-step explanation:
Even though it may be created outside the firm, a(n) vital record is used to store information needed to operate the firm. The correct answer to this question is option d) Vital. Vital records are essential for the ongoing operations of a business, containing critical information that could include financial documents, legal contracts, employee records, and business agreements. A vital record is used to store information needed to operate the firm. It is an essential record that is critical for the ongoing operations and functions of the firm. This type of record typically includes important information such as financial data, customer records, and operational procedures.
Examples of vital records in a firm include the balance sheet, income statement, customer database, and employee handbook. These records are often protected with strict security measures due to their importance to the firm's functionality and continuity.