Question

Employees use their positions to take or divert assets belonging to their employer. This is the most common type of fraud. Identify the type of fraud, perpetrator & victim

a) Embezzlement
b) Identity Theft
c) Cybercrime
d) Money Laundering

Answer 1

The type of fraud described is a) embezzlement, where employees misuse their position to take or divert assets of their employer. The perpetrator is the employee and the victim is the employer.

Step-by-step explanation:

The type of fraud described in the question is embezzlement. Embezzlement occurs when employees misuse their position to take or divert assets belonging to their employer for personal gain.

The perpetrator of embezzlement is the employee who misappropriates the assets, while the victim is the employer whose assets are stolen. It is important for businesses to have internal controls and monitoring systems in place to prevent and detect embezzlement.