Final answer:
The element of the fraud triangle that is present when an employee receives and deposits customer checks is 'Opportunity'. Embezzlement is an example of corporate crime related to this situation.
Step-by-step explanation:
When one employee both receives and deposits customer checks, the element of the fraud triangle that is present is c. Opportunity. The fraud triangle consists of three elements which must all be present for fraud to occur: incentive, opportunity, and rationalization. In this scenario, the lack of segregation of duties provides the individual with the chance to commit fraud, since they can potentially manipulate the recording of the transactions without detection.
Corporate Crime
One example of corporate crime is a. Embezzlement. Corporate crimes are offenses committed by individuals or companies in the course of their business activities. Embezzlement specifically refers to the act of dishonestly withholding assets with the intent to convert them for personal use, which an employee who both receives and deposits checks might potentially engage in.