Which of the Following Is the Correct Definition of Embezzlement

question 5

Multiple Choice

Which of the following is the correct definition of embezzlement?

• A)Taking a commission from a third party,by a person,without disclosing it to their principal.
• B)Falsification of records to hide the misappropriation,by a person,of property entrusted to them.
• C)The use,by a person,of price-sensitive information which is not publicly available.
• D)Giving another person something of value in return for some advantage or preferential treatment.

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Definitions:

Total Cost

The complete cost of production including fixed and variable costs.

Average Total Cost

The total of all costs divided by the number of goods produced, representing the per unit production cost.

Output

The total amount of goods or services produced by an individual, company, or country.

Total Variable Cost

The sum of all costs that vary with output level in the production process.