Indicate whether each of the following statements is true or false.

Responsibility reports prepared for higher$-$level managers have less detail than the reports prepared for lower$-$level managers.

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The amount of detail in a responsibility report should be such that managers can focus on significant deviations from expectations.

If a manager is to be held responsible for a revenue or expense, he$/$she must have complete control over that item.

A critical feature of responsibility reports is that they must be precise, even if it takes more time to prepare.

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