If an employee or non-employee wrongfully takes money or property entrusted to their care, custody, and control, this is known as ________.
A) white-collar crime
B) embezzlement
C) fraud
D) irregularity

Question

Quizplus · Accepted Answer

Embezzlement is the specific term used to describe the act of wrongfully taking money or property that has been entrusted to someone's care, custody, and control. While embezzlement is a type of white-collar crime, it is a more specific term that refers specifically to this type of theft. Fraud and irregularity are more general terms that may encompass a variety of different types of financial misconduct.

If an Employee or Non-Employee Wrongfully Takes Money or Property