Loss Prevention Is the Best Risk Management Tool When the Chance

question 19

Multiple Choice

Loss prevention is the best risk management tool when the chance of loss is ________ and the potential loss severity is ________.

• A) high, high
• B) high, low
• C) low, low
• D) low, high

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Definitions:

Customization

The process of modifying products or services to meet individual customer preferences or specifications.

Denim

Denim is a sturdy cotton twill fabric, often blue, used for making jeans, jackets, and other clothing items.

Personal Care Items

Products intended for personal hygiene and grooming, such as soaps, shampoos, and cosmetics.

Customer Packaged Goods

Fast-moving items that are sold quickly and at a relatively low cost, often referred to as consumer packaged goods.