What constitutes embezzlement?

Embezzlement specifically involves the misappropriation of funds or property that has been entrusted to an individual's care, with the intent of using those resources for personal gain. This criminal act typically occurs within relationships where one party has a legitimate right to access the assets but then unlawfully uses them for personal purposes, effectively stealing from the rightful owner.

The other choices do not align with the definition of embezzlement. For instance, a legal transfer of funds refers to transactions that are authorized and documented, which is not embezzlement since it involves no deceit or theft. Sharing funds with authorized parties is also legitimate and does not constitute embezzlement, as it implies accountability and permission. Lastly, receiving approved bonuses is a standard practice within organizations that follows corporate policies and is not indicative of misappropriation. Thus, the act of misappropriating funds or property for personal use directly captures the essence of embezzlement.