________ can be measured as the income that could have been earned on an asset, based on the potential rate of return that is lost or sacrificed when one alternative use of the asset is chosen over another.
A)Target cost
B)Sunk cost
C)Opportunity cost
D)Allocated cost

Question

Quizplus · Accepted Answer

Opportunity cost is the income that could have been earned on an asset, based on the potential rate of return that is lost or sacrificed when one alternative use of the asset is chosen over another.

________ Can Be Measured as the Income That Could Have