Question

Andy Kaplan is a foreman for JCP Enterprises, a regional construction company. He recently ordered some plumbing supplies from the company warehouse for an office building project he is overseeing. When the supplies arrived at the job site, however, he loaded them in his truck and took them home to use in remodeling his master bathroom. What kind of inventory theft scheme did Andy commit?

a. False shipments
b. Unconcealed larceny
c. Asset requisition
d. Misappropriation of intangible assets

Answer 1

Andy Kaplan committed unconcealed larceny by taking plumbing supplies meant for a company project and using them for his own personal home remodeling without any attempt to hide his actions.

Step-by-step explanation:

Andy Kaplan committed an unconcealed larceny. When Andy took the plumbing supplies from the warehouse under the guise of using them for a company project and instead used them for personal use, he directly stole assets without attempting to conceal the theft.

This form of theft is blatant and does not involve manipulation of records or subtle methods to hide the theft, which is characteristic of unconcealed larceny.

It's an outright theft of company assets for personal gain without any attempt to hide the action.