Policies, procedures, and tools for managing the retention, destruction, and storage of electronic records is called:

The correct answer is ERM, which stands for Electronic Records Management. This term specifically refers to the systematic approach to managing electronic records through their lifecycle, which includes the creation, storage, retention, and destruction of these records. An effective ERM policy ensures compliance with legal and regulatory requirements and helps organizations manage their information in a way that supports operational efficiency and reduces risk.

ERM encompasses the strategies and tools needed to maintain the integrity and accessibility of electronic records, making it a crucial component for organizations that rely heavily on digital information. It focuses specifically on the practices involved in handling electronic records, which sets it apart from broader concepts like information policy and information management.

Information policy refers more generally to the principles guiding the management of all types of information within an organization, while information management involves the overall management of information resources rather than specifically dealing with records. Similarly, ERD (Entity Relationship Diagram) is a data modeling technique and does not relate to records management. Therefore, ERM accurately encapsulates the specific focus on the lifecycle management of electronic records.