Which term describes the act of taking company property without authorization?

• A. Theft of operation property
• B. Fraud
• C. Embezzlement
• D. Larceny

Answer: (A)

Taking company property without permission is an unlawful taking of someone else’s property with the intent to deprive the owner. The term that fits this description is larceny, because it covers the act of taking property belonging to another without consent and intending to permanently deprive them of it. Embezzlement, by contrast, involves someone who already had lawful possession of the property and then misappropriates it. Fraud means using deception to obtain property, not just taking it without authorization. The phrase “theft of operation property” isn’t a standard legal term, so it isn’t a correct description in most formal contexts. Therefore, larceny is the best match for taking company property without authorization.