Indicate whether the following statements are true or false.

A cost center generates both costs and revenues.

Evaluation of the performance of an investment center involves only financial measures.

Departmental performance information is usually not included as part of the company's annual report and footnotes.

Cost center managers are evaluated on their success in controlling costs compared to budgeted costs.

Direct expenses are incurred for the joint benefit of more than one department; they cannot be readily traced to only one department.