Misappropriation of assets is a fraudulent act that involves
A) dishonest conduct by those in power.
B) misrepresenting facts to promote an investment.
C) using computer technology to perpetrate.
D) theft of company property.

Question

Quizplus · Accepted Answer

Misappropriation of assets involves theft of company property, which can include embezzlement of funds, misuse of company credit cards or other assets, or selling company property for personal gain without authorization. While dishonest conduct by those in power may be a factor in misappropriation of assets, the key element is the actual theft or misuse of company property. Misrepresenting facts to promote an investment and using computer technology to perpetrate fraud are other types of financial fraud, but they do not necessarily involve misappropriation of assets.

Misappropriation of Assets Is a Fraudulent Act That Involves