Unauthorized personal use of a company vehicle constitutes asset misappropriation.

• A. True
• B. False
• C. It depends
• D. Not an asset misappropriation

Answer: (A)

Using a company vehicle for personal purposes without authorization is asset misappropriation. An asset is something of value owned by the company, and when it’s used for personal gain or benefit without permission, the company bears the cost and loses the asset’s intended use. This unauthorized use clearly falls under misappropriation because it diverts a company resource away from its proper purpose. If there were explicit policy allowing personal use, it might not be considered misappropriation, but in the scenario described, the lack of authorization makes it misappropriation.