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QUESTION 25 Which of these statements is NOT true about responsibility reporting: A. Management by exception identifies significant differences between actual and budgeted amounts. . Responsibility accounting can help managers to find the causes of variances. OC. Cost center responsibility reports typically focus on fleable budget variances. OD. Revenue center responsibility reports show all costs incurred by the department. QUESTION 26 QUESTION 20 The responsibility report for a profit center would compare: O A. Actual revenues and costs to budgeted revenues and costs O B. Only actual costs to budgeted costs OC. Actual return on investment to budgeted return on investment D. - Only actual revenues to budgeted revenues QUESTION 17 Which of these is NOT true for decentralized firms? O A. Decentralization may require the firm to duplicate certain costs or activities. OB. The firm needs performance evaluation systems that encourage goal congruence. OC. Segment managers may not fully understand the big picture when making decisions. OD. Top management has less time to focus on long-term strategy. Click Save and Submit to save and submit. Click Save All Answers to save all answers