Final answer:
True. Only information that meets the definition of a record can be managed throughout its lifecycle.
Step-by-step explanation:
True. Only information that meets the definition of a record can be managed throughout its lifecycle. In the context of records management, a record is defined as any recorded information, regardless of its format or medium, created, received, or maintained by an organization in the transaction of business or the conduct of affairs.
For example, in a business setting, an invoice received from a vendor would meet the definition of a record and would be managed throughout its lifecycle. On the other hand, a piece of scrap paper with rough calculations would not meet the definition of a record and would not be managed as such.
This concept applies to various fields and industries where records management is necessary, such as law and medicine.