Answer as true (T) or false (F). If the answer is false, change the statement to make it true. = Managers should be held responsible only for what they can control. a The manager of an investment center is responsible for profit only. n Revenue center managers are responsible for generating revenues within their areas of the organization. + In a decentralized organization, decision-making authority is kept at the very top of the organization. c One advantage of decentralization is to allow the development of managerial expertise. o One disadvantage of decentralization is that managers might make decisions that are good for themselves or their division but which are not in the best interests of the organization overall. s The part of the organization for which managers are responsible is called a responsibility center. The most common method of evaluating a profit center manager is based on the segmented income statement. Common fixed costs and direct fixed costs both are typically incurred at a higher level of the organization and are therefore outside the segment manager's control. Cost center managers have the authority to incur costs to support their areas of responsibility