23. Which of the following statements regarding responsibility accounting is not correct?

Group of answer choices

A. It calls for the preparation of responsibility reports listing the budgeted and actual revenue and/or expense items over which the manager has control.

B. It calls for the preparation of reports containing detailed information regarding the performance of a responsibility center.

C. It requires top management to prepare budget for the entire company and communicate that plan to lower levels of management.

D. It is most effective in a decentralized business structure where many managers exert control over various segments of a company's operations.