What term refers to internal theft involving stealing merchandise, money, or supplies from a store?

What term refers to internal theft involving stealing merchandise, money, or supplies from a store?

• A. Employee Theft
• B. Shoplifting
• C. Robbery
• D. Perpetual inventory control

Answer: (A)

Internal theft refers to someone inside the business misappropriating assets, such as cash, merchandise, or supplies. In a retail setting, this is called employee theft. It’s different from shoplifting, which is theft by a customer; from robbery, which typically involves force or threat; and from perpetual inventory control, which is a system for tracking stock, not theft. Recognizing it helps explain why retailers focus on controls like separation of duties, cash-handling procedures, and surveillance to reduce loss.

Internal theft refers to someone inside the business misappropriating assets, such as cash, merchandise, or supplies. In a retail setting, this is called employee theft. It’s different from shoplifting, which is theft by a customer; from robbery, which typically involves force or threat; and from perpetual inventory control, which is a system for tracking stock, not theft. Recognizing it helps explain why retailers focus on controls like separation of duties, cash-handling procedures, and surveillance to reduce loss.