DECA+ Business Management and Administration Practice Exam

What does the term 'pilferage' refer to?

1. The theft of large amounts of money

2. The theft of small sums of money or inexpensive items

3. The unauthorized use of company resources

4. The act of reselling stolen goods

The correct answer is: The theft of small sums of money or inexpensive items

The term 'pilferage' specifically refers to the act of stealing small amounts of money or inexpensive items, often in a stealthy or sneaky manner. This type of theft is typically characterized by its low value and frequent occurrence, distinguishing it from more significant thefts or larcenies that involve larger sums or more valuable items. Pilferage is often seen in contexts such as retail environments or workplaces, where individuals might take small items or funds without permission over time. This definition aligns well with the choice that describes the theft of small sums of money or inexpensive items, making it the correct answer. The concept emphasizes not just the act of stealing, but the nature and scale of what is taken, which is usually minor in comparison to larger theft offenses.