CRA Safety Protocols & Risk Management 3

Question 1

A retail analyst reviewing shrinkage data finds that internal theft accounts for 28% of losses but only 5% of security budget allocation. What does this discrepancy suggest?

Accepted Answer

Security resources are misaligned with the actual risk profile

Answer

When budget allocation does not match the proportion of identified losses, security resources are misaligned and should be rebalanced toward high-impact areas.

Question 2

Which fire safety classification requires retailers to use Class K fire extinguishers in food service areas?

Accepted Answer

Class K fires involving cooking oils and fats

Answer

Class K extinguishers are specifically designed for high-temperature cooking oil fires common in food service areas.

Question 3

When conducting a workplace violence risk assessment for a retail environment, which employee group typically faces the HIGHEST exposure risk?

Accepted Answer

Customer-facing cashiers and service desk staff

Answer

Cashiers and service desk staff have the most frequent direct customer interaction, placing them at highest exposure to verbal and physical confrontations.

Question 4

A retail store's emergency evacuation plan must include which critical element to comply with OSHA 29 CFR 1910.38?

Accepted Answer

Procedures for employees to follow during an evacuation

Answer

OSHA 1910.38 requires written emergency action plans that include procedures employees must follow during emergencies including evacuation.

Question 5

In retail risk management, what is the primary purpose of a 'hot goods' policy?

Accepted Answer

To prevent the store from knowingly purchasing stolen merchandise from vendors or the public

Answer

A hot goods policy establishes procedures to prevent a retailer from inadvertently receiving or selling stolen merchandise, reducing fencing liability.

(CRA) Certified Retail Analyst Practice Test

(CRA) Certified Retail Analyst Practice Test

CRA Safety Protocols & Risk Management 3