What Is the Primary Difference Between Pilferage and Theft

question 58

Multiple Choice

What is the primary difference between pilferage and theft?

• A)There is no difference between the two terms.
• B)Pilferage involves a firm's own employees,while theft involves efforts from outsiders.
• C)Theft refers to stolen merchandise worth more than $500.
• D)Pilferage refers to stolen merchandise worth more than $500.

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Definitions:

Global Competitiveness

The ability of a country or company to compete effectively and successfully in international markets.

Consumer Safety

Measures and regulations aimed at preventing harm to consumers and ensuring that the products they use are free from dangerous defects.

Rent Seeking

An economic concept referring to the practice of individuals or firms using their resources to gain government favors or advantages without creating new wealth, often through lobbying or other non-productive means.

Wealth Transfer

Refers to the movement of assets or capital from one individual, group, or entity to another, often as a result of inheritance, gifts, or strategic financial planning.