Canadian Accredited Insurance Broker (CAIB) Two Practice Exam

Which activity exemplifies employee theft?

1. Accidentally using company supplies

2. Unauthorized access to sensitive data

3. Stealing merchandise without consent

4. Reporting lost items

The correct answer is: Stealing merchandise without consent

Stealing merchandise without consent clearly exemplifies employee theft because it involves the direct and intentional act of taking property that belongs to the employer. This behavior constitutes a violation of trust and is a criminal act against the company. Employee theft can manifest in various forms, but it typically involves the unlawful appropriation of assets for personal gain. In this case, the act of stealing merchandise indicates a deliberate choice to misappropriate company property, which is a fundamental aspect of theft. The other actions mentioned do not fit the definition of employee theft. Accidentally using company supplies may indicate a lack of awareness or training rather than intentional wrongdoing. Unauthorized access to sensitive data, while unethical, falls more under data security breaches rather than theft of physical items. Reporting lost items demonstrates responsible behavior and transparency, not theft, as it does not involve taking or misappropriating company property.