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Which of the following statements is TRUE of performance reporting? Managers should not be held accountable for uncontrollable variances. O Every variance, regardless of magnitude,

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Which of the following statements is TRUE of performance reporting? Managers should not be held accountable for uncontrollable variances. O Every variance, regardless of magnitude, must be investigated by the managers. Responsibility reports should focus on the person responsible for unfavorable variances, rather than information Only unfavorable variances in the reports should be explained

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