Final answer:
The three major classes of asset misappropriation are stealing receipts, disbursement fraud, and stealing assets on hand, which are forms of corporate crime leading to financial loss for companies.
Step-by-step explanation:
The three major classes of asset misappropriation are: stealing receipts, disbursement fraud, and stealing assets on hand. Asset misappropriation is a type of corporate crime that involves the theft or misuse of an organization’s assets.
Examples of asset misappropriation include an employee skimming money from customer payments before they are recorded (stealing receipts), creating fraudulent transactions such as submitting fake invoices or manipulating payroll (disbursement fraud), and the theft of physical assets or inventory (stealing assets on hand).
This form of misconduct often leads to significant financial loss for the company and is considered a serious ethical and legal issue within the realm of business.
The three major classes of asset misappropriation are stealing receipts, disbursement fraud, and stealing assets on hand. These are common types of fraudulent activities that individuals may engage in to illegally obtain money or assets from a company.
Stealing receipts refers to the manipulation or theft of funds recorded through receipts. Disbursement fraud involves the fraudulent disbursement or misuse of company funds. Stealing assets on hand refers to stealing physical assets, such as inventory or equipment, from a company.