Parker Department Stores Has Been Hurt in Recent Months by a Large

question 30

Multiple Choice

Parker Department Stores has been hurt in recent months by a large increase in shoplifting losses.Parker's risk manager concluded that while the frequency of shoplifting losses was high,the severity is still relatively low.What is (are) the appropriate risk management technique(s) to apply to this problem?

• A)retention
• B)loss control and retention
• C)transfer through insurance
• D)avoidance

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Definitions:

Workforce Variation

The changes or fluctuations in the size or composition of an organization's workforce due to factors such as hiring, turnover, or seasonal demand.

Hiring

The process of finding and recruiting people to fill job positions within a company or organization.

Layoffs

The act of temporarily or permanently dismissing employees from their jobs, often as a cost-saving measure during periods of economic downturn or organizational restructuring.

Demand Options

Different strategies or choices available to meet customer demand, such as stocking levels, lead times, or product customization.