Question

due friday by 11:59pm points 0 submitting a text entry box available after jan 16 at 10am a clothing store experiences frequent shoplifting. 1. what type of risk is this? 2. name one way the store could manage it. text entry copy and paste or type your submission right here. edit view insert format tools table 12pt paragraph b i u a t²

Explanation:

1.

Shoplifting in a clothing store is a type of operational risk. Operational risks are risks arising from internal processes, people, systems, or external events that affect a business's day - to - day operations. Shoplifting is an external event (from customers) that impacts the store's operations (loss of inventory, revenue).

One way to manage shoplifting risk is to install security cameras. Security cameras can act as a deterrent to potential shoplifters as they know their actions may be recorded. They also help in identifying shoplifters if an incident occurs, which can aid in taking appropriate actions (like reporting to authorities). Another way could be to hire security personnel to monitor the store floor.

Answer:

This is an operational risk.

2.