One of the key differences between activity-based costing and activity-based management is that the latter takes a forward rather than historical approach.

Question

Quizplus · Accepted Answer

Activity-based management focuses on managing activities to reduce costs and improve customer value, often using forecasts and models to plan future activities, whereas activity-based costing primarily analyzes historical data to allocate costs more accurately.

One of the Key Differences Between Activity-Based Costing and Activity-Based