Answer as true (T) or false (F). If the answer is false, change the statement to make it true.
1.______Managers should be held responsible only for what they can control.
2.______Revenue center managers are responsible for generating revenues within their areas of the organization.
3.______One advantage of decentralization is to allow the development of managerial expertise.
4.______The part of the organization for which managers are responsible is called a responsibility center.
5.______Common fixed costs and direct fixed costs both are typically incurred at a higher level of the organization and are therefore outside the segment manager’s control.