Final answer:
When changing the data type in an existing field, you can change the field length to make it longer, but not shorter. Data may be truncated if you make a field length shorter and there is existing data that needs the longer length. Access will only warn you about potential data loss if there is a risk.
Step-by-step explanation:
When changing the data type in an existing field, you cannot change the size of a field in Datasheet view and Design view, so statement 1 is NOT true.
If you decide that a field length needs to be longer, you can change the field without concern, so statement 2 is true.
However, if you make a field length shorter and there were data that needed the longer length, you may truncate those values, so statement 3 is NOT true.
Access will not always warn you that data may be lost if you change the length to a smaller size. It will only prompt a warning if there is potential for data loss, so statement 4 is NOT true.