Notes From Study Group

Question 0

Way of estimating expected loss from a specific threat

Answer 0

Risk analysis / risk assessment

Question 1

What are the five tools that form the foundation of a loss prevention program?

Answer 1

1. Risk analysis/risk assessment
2. Planning
3. Evaluation
4. Research based on scientific principles
5. Standards

Question 2

Determines the probability / frequency / cost

Answer 2

Loss event profile

Question 3

Typing risks, their probability, and degree of protection

Answer 3

Loss event profiling

Question 4

Probability of risks becoming actual loss

Answer 4

Loss event probability

Question 5

Impact on the enterprise if the loss occurs

Answer 5

Loss event criticality

Question 6

Which of the five tools that form the foundation of loss prevention program is critical for success?

Answer 6

Evaluation

Question 7

What are the four D’s of loss prevention?

Answer 7

Deter, detect, delay, and deny

Question 8

What is the primary objective of the protection program?

Answer 8

To motivate every employee to be part of the team

Question 9

What is the most effective deterrent to shoplifting?

Answer 9

Well-trained store personnel

Question 10

CPTED

Answer 10

Crime prevention through environmental design

Question 11

What are the three elements of CPTED?

Answer 11

1. Natural access
2. Natural surveillance
3. Barriers

Question 12

What are the three roles of the loss prevention manager?

Answer 12

1. Establish priorities
2. Develop written policies
3. Form integrated management team

Question 13

What is the role of security?

Answer 13

Service, protection service of prevention

Question 14

Who said, “value is better measured by what does not happen then by what does happen.”

Answer 14

Sennewald

Question 15

What are the five security levels?

Answer 15

1. Minimum
2. Low
3. Medium
4. High
5. Maximum

Question 16

What is the most important document for officers?

Answer 16

Post orders

Question 17

What is the most important operational document?

Answer 17

The security log

Question 18

Is this the advantage of contract personnel or proprietary personnel?
Monetary savings

Answer 18

Contract personnel

Question 19

Is this the advantage of contract personnel or proprietary personnel?
Tighter control of force

Answer 19

Proprietary personnel

Question 20

Is this the advantage of contract personnel or proprietary personnel?
Schedule flexibility

Answer 20

Contract personnel

Question 21

Is this the advantage of contract personnel or proprietary personnel?
Better training

Answer 21

Proprietary personnel

Question 22

Is this the advantage of contract personnel or proprietary personnel?
Expertise

Answer 22

Contract personnel

Question 23

Is this the advantage of contract personnel or proprietary personnel?
Employee loyalty

Answer 23

Proprietary personnel

Question 24

Is this the advantage of contract personnel or proprietary personnel? Security experience of officers

Answer 24

Contact personnel

Question 25

Is this the advantage of contract personnel or proprietary personnel? Knowledge of company culture

Answer 25

Proprietary personnel

Question 26

Establishes a priority in the protection of assets

Answer 26

Vulnerability study

Question 27

Exposure to possible loss, reduction through loss prevention programs resulting in lessening of business interruptions

Answer 27

Risk management

Question 28

Critical examination/analysis of the present security status of a property in terms of deficiencies/excesses, protection required, and recommendations

Answer 28

Risk management concept

Question 29

What are the two types of risk?

Answer 29

Pure and dynamic

Question 30

This risk has no potential for benefit such as an earthquake

Answer 30

Pure risk

Question 31

This risk can produce gain or or profit such as Las Vegas

Answer 31

Dynamic risk

Question 32

Identifies types of risks/losses, and their probabilities of occurrence

Answer 32

Risk exposure

Question 33

Risk assessment determining the probability and cost of potential loss

Answer 33

Risk analysis

Question 34

What are the two types of vulnerability?

Answer 34

PML and ALE

Question 35

PML

Answer 35

Probable Maximum Loss (likely to sustain) or Possible Maximum Loss (destroyed)

Question 36

ALE

Answer 36

Annualized Loss Expectancy of not doing something (like adding a backup generator)

Question 37

When is ALE used?

Answer 37

When computing return on investment

Question 38

Reduction of risk

Answer 38

Risk abatement

Question 39

The organization accepts the loss

Answer 39

Risk acceptance

Question 40

The decision to avoid risks

Answer 40

Risk avoidance

Question 41

Reducing the likelihood of total loss such as discs being stored off site

Answer 41

Risk spreading

Question 42

Transferring risk to insurance

Answer 42

Risk transfer

Question 43

Assures trustworthiness of persons appointed by the court

Answer 43

Fiduciary bonds

Question 44

Insurance Company indemnifies the employer against employee dishonesty

Answer 44

Fidelity Bond

Question 45

Protects against another's failure to perform specified acts on time

Answer 45

Surety bond

Question 46

Protects an individual/ organization against losses of a specified type

Answer 46

Indemnity bond

Question 47

What is the most investigated crime by private security?

Answer 47

Employee theft

Question 48

What are the four reasons employees steal?

Answer 48

1. Frustration 2. Rationalization 3. Personal problems 4. Environmental influences

Question 49

What is the theft triangle?

Answer 49

Motive, opportunity and desire/rationalization

Question 50

What is the only controllable element in the theft triangle?

Answer 50

Opportunity