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

A. Management fraud.
B. Investment scams.
C. Vendor fraud.
D. Employee embezzlement or occupational fraud.

1 Answer

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Final answer:

The type of fraud that involves the use of one's occupation for personal enrichment through misuse of a company's resources is known as 'Employee embezzlement or occupational fraud' (option D), which is a form of corporate crime.

Step-by-step explanation:

The definition provided in the question refers to "Employee embezzlement or occupational fraud". This type of fraud involves an employee abusing their position to personally enrich themselves at the expense of their employer, by misusing the organization's resources or assets. Embezzlement is indeed an example of corporate crime, as it involves the illegal taking of the company's property by someone who is in a position of trust.

An example of corporate crime, as mentioned in the referenced study material, is embezzlement. This could involve, for instance, a financial officer of a company who diverts funds to their personal account, or entries made to siphon money secretly without detection.

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