Final answer:
Yes, borrowing a company asset for personal use without permission is a form of non-cash asset misappropriation. This action is unethical and illegal as it represents a violation of the company's property rights and undermines trust within the business.
Step-by-step explanation:
Borrowing a company asset for personal use without permission is indeed a form of non-cash asset misappropriation. This action, even if the asset is returned unharmed, is considered misappropriation because it involves using the company's resources for personal benefit without authorization. It undermines the trust and ethical standards within a business environment and can lead to more severe forms of fraud if left unchecked.
An asset is an item of value that a firm or an individual owns. Misusing an asset that does not belong to you for personal gain, regardless of the intended duration or the harmlessness of the act, represents a violation of the owner's property rights and would be deemed unethical and illegal in a business context. Companies rely on their assets for operational and strategic purposes, and any unauthorized borrowing disrupts the integrity of the company's operational control over its resources.