Final answer:
The life cycle approach using Agile methodologies is an iterative and incremental approach, favoring flexibility and frequent reassessment.
Step-by-step explanation:
The life cycle approach that tends to use Agile methodologies in its work is an iterative and incremental approach. Agile methodologies involve breaking the project into small parts that can be completed in iterations. This allows for frequent reassessment and adaptation, which aligns with an adaptive approach as well. Incremental design implicates that the design is done in pieces, and the product or process is enhanced through each increment. On the other hand, the Waterfall and predictive approaches are more sequential and less flexible compared to Agile methodologies. Additionally, embracing flexibility and validation by approaching a problem from multiple directions is a key aspect of Agile practices.