Which of the Following Statements About Loss Prevention Is Correct

question 42

Multiple Choice

Which of the following statements about loss prevention is correct?

• A) All losses can be prevented.
• B) Some losses cannot be prevented.
• C) Loss prevention activities aim to minimize the impact of losses.
• D) All of the above are correct.

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Definitions:

Fundraising Pyramid

A graphical representation used by nonprofits to illustrate the hierarchy of donor giving, starting from small individual donors at the base to major gifts at the top.

Giving Life Cycle

Stages through which an individual or entity passes as they become aware of, decide upon, and engage in philanthropic giving.

Charitable Remainder Trusts

A type of trust that provides a donor with income for a period of time, with the remaining assets going to charity upon the trust's termination.

Operating Expenses

The costs associated with the day-to-day functioning of a business or organization, not including the cost of goods sold.