The budgeting technique that helps managers assess the company's future and know if they are reaching their performance goals is called life-cycle budgeting.

Question

Quizplus · Accepted Answer

The budgeting technique described is more accurately referred to as performance budgeting. Life-cycle budgeting focuses on the costs associated with a product over its entire life cycle.

The Budgeting Technique That Helps Managers Assess the Company's Future