227k views
1 vote
A retail chain's business model requires the handling of cash and credit/debit cards by a large number of cashiers. What action reflects the appropriate priority for the risk?

A. Build possible losses into profit margin
B. Monitor losses and credit issues quarterly
C. Raise cashier salaries
D. Implement immediate technical controls

User Eickeee
by
7.7k points

1 Answer

3 votes

Final answer:

The appropriate priority for the risk in a retail chain's business model that requires the handling of cash and credit/debit cards by a large number of cashiers is to implement immediate technical controls.

Step-by-step explanation:

The appropriate priority for the risk in a retail chain's business model that requires the handling of cash and credit/debit cards by a large number of cashiers is to implement immediate technical controls. This means that the retail chain should take immediate action to put in place technical measures, such as secure payment systems and fraud prevention tools, to minimize the risk of cash and credit/debit card-related losses. By implementing these controls, the retail chain can better protect its financial assets and customer payment information.

Raising cashier salaries may not directly address the risk of cash and credit/debit card losses, as it focuses on personnel compensation rather than risk management. Building possible losses into the profit margin may not be an effective solution either, as it may result in reduced profitability or higher prices for customers. While monitoring losses and credit issues quarterly is important, it is not as a proactive and immediate response as implementing technical controls.

User John Driscoll
by
8.8k points