Question

"The use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization's resources or asserts" is the definition of which of the following types of fraud?

a) employee embezzlement or occupational fraud
b) investment scams
c) management fraud
d) vendor fraud

Answer 1

Employee embezzlement or occupational fraud involves the deliberate misuse or misapplication of an organization's resources or assets for personal enrichment. The correct option is: a).

Step-by-step explanation:

The definition of the misuse or misapplication of an employing organization's resources or assets for personal enrichment is employee embezzlement or occupational fraud. In other words, it refers to the unauthorized use of funds or property for personal gain by an employee of the organization. This can include activities such as stealing money, altering financial records, or diverting company assets.