What captures fraud by abuse of position?

Fraud by abuse of position specifically refers to situations where an individual in a position of trust takes advantage of that status to benefit themselves at the expense of others. This typically occurs when the person uses their authority or insider knowledge to manipulate situations for personal gain, thereby breaching the trust that has been placed in them by stakeholders.

The emphasis in this concept is on the exploitation aspect—taking unfair advantage of a role or position that carries responsibility and trust. This is why the chosen answer is the most fitting; it directly addresses the misuse of a position for personal benefit, which is the core element of fraud by abuse of position.

In contrast, simply failing to meet management expectations or not safeguarding someone else's interests lacks the necessary component of deliberate exploitation for personal gain. While poor business decisions may result in negative outcomes, they do not inherently involve the fraudulent use of a position of trust. Thus, the chosen answer encapsulates the essence of fraud by abuse of position accurately.