Final answer:
Occupational fraud refers to the unethical exploitation of one's position within a company for personal gain, such as stealing or misusing employer's resources.
Step-by-step explanation:
The use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employer's resources is referred to as occupational fraud or embezzlement. This term highlights a type of unethical behavior where an employee takes advantage of their position within a company for personal gain.
It stands in stark contrast to ethical business practices where personal choice and freedom are exercised without harm to others. Participating in such acts can range from minor policy violations to egregious theft or misappropriation of company assets.