On personally owned Android devices featuring Android (5.0+) what feature does a “Work Profile” provide?

Question: On personally owned Android devices featuring Android (5.0+) what feature does a “Work Profile” provide?

• Allow IT Admins full access to your personal device and managed security settings.
• Allow IT Admins to fully wipe data on your entire device and enforce enterprise security.
• Create a company owned profile that manages all data on the device.
• Create a company managed work profile to keep all your work and personal data

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