The Option That Is Forgone So That an Asset Can

question 34

Multiple Choice

The option that is forgone so that an asset can be utilized by a specific project is referred to as which one of the following?

• A) Salvage value 
• B) Wasted value 
• C) Sunk cost 
• D) Opportunity cost 
• E) Erosion 

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Definitions:

Major Export

The primary good or service sold by a country to foreign markets.

U.S.

The United States of America, a federal republic consisting of 50 states and a federal district.

Unemployment

The situation in which individuals who are able and willing to work cannot find a job.

Time

A continuous measure in which events occur in a sequence from the past through the present to the future.