Which of the following statements is true? 1. A cost center is a responsibility center. 11. The basic objective of responsibility accounting is to charge each manager with those costs and/or revenues over which he has control. III. Under a responsibility accounting system, fewer expenses are charged against managers; the higher one moves upward in an organization. Multiple Choice All of the statements are true. Both statements II and III are true None of the statements ore true. Both starements land li are true