Final answer:
Occupational fraud is usually fraud committed on behalf of an organization. Identity theft, although a form of fraud, is not limited to fraud committed on behalf of an organization.
Step-by-step explanation:
The statement 'Occupational fraud is usually fraud committed on behalf of an organization' is True. Occupational fraud refers to fraud that occurs within a workplace or organization, usually perpetrated by employees or managers. This type of fraud can include activities such as embezzlement, financial statement manipulation, or theft of company assets.
Identity theft, on the other hand, involves the wrongful acquisition and use of personal identification, credit, or account information of an individual without their permission. While identity theft is a form of fraud, it is not specifically limited to fraud committed on behalf of an organization.
Therefore, the statement is true as occupational fraud primarily relates to fraud committed within an organization.