GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Employees may steal large amounts of money, workplace supplies, equipment or intellectual-property. Just as serious are employees who steal by completing inaccurate timesheets, claiming reimbursement for items not purchased, fraudulently transferring funds or misusing a corporate credit card, cheques or taxi vouchers.
Detailed explanation-2: -Employee theft is stealing by employees from their employers. Pilferage is stealing in small quantities. Embezzlement occurs when a person takes money or property that has been entrusted to his or her care; a breach of trust occurs. Peculation and defalcation are synonyms for embezzlement.
Detailed explanation-3: -Examples of dishonest activity within an organization include: Cargo theft. Theft of cash, cheques, business equipment or client property. Data theft or cyber-related embezzlement.
Detailed explanation-4: -Shrinkage is the loss of inventory that can be attributed to factors such as employee theft, shoplifting, administrative error, vendor fraud, damage, and cashier error.