Loss Prevention Methods in Retail Shops

Which of the following is NOT mentioned as a popular and proven loss prevention method in retail shops?

• Large mirrors

• Security cameras

• Window bars

• Biometric access controls

What is the purpose of installing security cameras high up on the ceiling that aren't easy to remove?

• To monitor employee productivity

• To aid in retail loss prevention by deterring would-be burglars

• To provide better lighting in the store

• To record promotional videos for marketing

What type of loss prevention will sound a loud noise to alert clerks of unpaid merchandise being taken out of the retail store?

• Large mirrors around the store

• Security cameras high in the ceiling

• Metal bars in the windows

• Tag type alarm system

What is the benefit of placing large mirrors around the store?

• They make the store look more attractive

• They can be used as part of the decor strategy

• They help in making the store appear larger

• They make it easier for staff to spot thieves trying to steal merchandise

What is indicated as a common characteristic of employee theft?

• It is always planned in advance

• It is the least common type of theft in workplaces

• It is often the employee you least suspect

• It only occurs in large corporations

What is considered employee theft according to the document?

• Only stealing physical items from the employer

• Only embezzlement and misuse of company funds

• Pilfering, larceny, and embezzlement

• Only reporting more hours than worked

On average, how long does it take for an employer to catch an employee who is stealing?

• 6 months

• 12 months

• 18 months

• 24 months

According to the CFE, what are two key factors that contribute to the large losses suffered by small companies due to employee theft?

• Lack of security cameras and poor hiring practices

• Inadequate insurance and poor management

• Lack of basic accounting controls and a greater degree of misplaced trust

• High employee turnover and lack of employee training

Theft takes many forms. Name 4 examples of theft.

Who are usually the culprits for the worst cases of fraud, as mentioned in the document?

• New employees

• Managers and executives

• Part-time employees

• External hackers