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.

Question

Quizplus · Accepted Answer

While loss prevention activities can minimize the likelihood of losses occurring and reduce their impact, it is not possible to prevent all losses. Some losses may be outside of an organization's control, such as natural disasters or economic changes in the market. Therefore, option A is incorrect. Option C is partially correct as loss prevention activities aim to minimize the impact of losses but not all losses can be prevented. Therefore, option D is incorrect.

Which of the Following Statements About Loss Prevention Is Correct