Choose one of the following managerial accounting techniques , and by knowing what definition of that technique, provide an example of a personal situation that would benefit from use of this technique.

• Break-even point (Chapter 22)
• Budget (Chapter 24)
• Balanced scorecard (Chapter 26)
• Capital budgeting (Chapter 27)

Accounting Principles Fourteenth Edition

Jerry J. Weygandt; Paul D. Kimmel; Jill E. Mitchell. Accounting Principles, 14th Edition (p. vii). Wiley. Kindle Edition.