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What is a loss control system designed to do?

  1. Increase productivity in the workplace

  2. Assess employee performance

  3. Identify hazardous conditions and establish risk control measures

  4. Train employees on safe work practices

The correct answer is: Identify hazardous conditions and establish risk control measures

A loss control system is primarily focused on maintaining safety and minimizing the risk of injuries, accidents, and financial losses within a workplace. By identifying hazardous conditions, the system systematically evaluates the potential risks associated with those hazards. This identification process is crucial for establishing appropriate risk control measures aimed at reducing or eliminating the hazards and their impacts. In this context, the function of a loss control system aligns directly with proactive management practices, which prioritize safety and liability reduction. It involves surveillance, analysis, and the implementation of corrective actions that can effectively mitigate risks. Therefore, this choice accurately encapsulates the essence of what a loss control system is designed to achieve—ensuring a safer working environment through comprehensive risk assessment and intervention strategies.