When comparing Activity-based costing (ABC) and the Theory of Constraints (TOC), the approach each method takes toward profitability analysis is:
Multiple Choice
Both TOC and ABC take a short-term approach.
TOC takes a long-term approach and ABC takes a short-term approach.
Both TOC and ABC take a long-term approach.
TOC takes a short-term approach and ABC takes a long-term approach.
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