Final answer:
The retail association should report the exposed wires to the authorities and take steps to prevent access to the area. Immediate action is necessary to ensure safety.
Step-by-step explanation:
The immediate action that a retail association should take upon seeing an electrical socket with exposed wires is to report it to the authorities. Exposed wires pose a serious safety hazard and can cause electric shocks or fires. It is important to notify the proper authorities so that they can address the issue and ensure the safety of individuals in the area.
In the meantime, the retail association should also take steps to prevent access to the area where the exposed wires are located. This can include cordoning off the area or placing warning signs to alert people of the danger.
By taking immediate action and reporting the issue to the authorities, the retail association can help prevent potential accidents and ensure the safety of both employees and customers.