Final answer:
The term that encompasses actions such as stealing, taking advantage of, or improperly using another's assets is embezzlement. Related terms are identity theft, which involves using someone's personal information without permission, and plundering or fraud.
Step-by-step explanation:
The term that encompasses stealing, taking advantage of, or improperly using another person's money, property, or assets covers a range of wrongful acts, including embezzlement, larceny, and identity theft, also known as 'True-name Fraud.' Identity theft occurs when an individual wrongfully acquires and uses someone else's personal identification or account information. This unauthorized use can lead to various financial and personal complications for the victim.
In addition to identity theft, related offenses include plundering, which involves wrongfully emptying or stripping someone of their valuables, and fraud. Fraud typically involves deceptive practices intended to achieve financial gain. These wrongful acts not only violate individual trust and privacy but also carry legal consequences. The legal system addresses these offenses to deter such behavior and protect individuals from financial harm and loss of property or assets due to fraudulent and unauthorized activities.