When making short-term decisions,it is important that decision makers are aware that the ________ approach tends to lend itself more to short-term decisions while ABC often has long-term implications.
A)qualitative
B)relevant
C)quantitative
D)TOC

Question

Quizplus · Accepted Answer

The Theory of Constraints (TOC) approach is more suited for short-term decisions as it focuses on identifying and managing the bottleneck in a process to improve throughput, which can have immediate effects. Activity-Based Costing (ABC), on the other hand, is a method that assigns costs to products and services based on the resources they consume, which is more comprehensive and tends to have long-term implications for strategic planning and decision making.

When Making Short-Term Decisions,it Is Important That Decision Makers Are