The use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization's resources or assets" is the definition of which of the following types of fraud? 1. employee embezzlement or occupational fraud2. vendor fraud 3. investment scams 4. managment fraud

Question

Social Studies

Tanya

11 May, 04:42

The use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization's resources or assets" is the definition of which of the following types of fraud? 1. employee embezzlement or occupational fraud2. vendor fraud 3. investment scams 4. managment fraud

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Answers (1)

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Grady Flores · Answer 1

Answer: 1. employee embezzlement or occupational fraud

Explanation:

Embezzlement, or employee theft, is the action of wrongfully seizing money or assets owned by someone else. Employees are the most common to commit this crime, followed by others with fiduciary responsibility. Embezzlement is a distinct type of fraud that involves stealing or misusing funds for private use.