Which of the following is a contemporary management technique used by the management accountant to identify and monitor the costs of a product throughout all steps from product design to the finished product?
A)Enterprise risk management.
B)Target costing.
C)Life cycle costing.
D)Enterprise sustainability.

Question

Quizplus · Accepted Answer

Life cycle costing is a technique that helps in identifying and monitoring the costs associated with a product throughout all stages of its life, from design to disposal. This approach enables companies to better understand the total cost of ownership and make more informed decisions related to pricing, marketing, and product development.

Which of the Following Is a Contemporary Management Technique Used