Assets fraudulently appropriated for one's own use from an organization is considered
A) fraud.
B) theft.
C) embezzlement.
D) a corporate loan.

Question

Quizplus · Accepted Answer

Embezzlement refers to fraudulently taking assets that have been entrusted to you by an organization for your own use. It differs from theft in that the perpetrator had lawful access to the assets, but then misappropriated them. A corporate loan would be a legitimate borrowing of funds, and not considered fraudulent or illegal.

Assets Fraudulently Appropriated for One's Own Use from an Organization