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:

Contract

An agreement between two or more parties creating enforceable obligations.

Substituted Contracts

New agreements that replace and fulfill the obligations of a prior contract, agreed upon by all parties involved.

Original Contracts

The initial agreements made between parties before any modifications or revisions are made.

Discharge

The release or termination of an obligation, such as a debt, duty, or liability, often occurring through payment, completion, or legal means.