Which of the Following Is True of Responsibility Accounting

Which of the following is true of responsibility accounting?

A) It suggests that foreign subsidiaries should be held responsible for profitability of the parent companies.
B) Responsibility accounting suggests that local manager should be held responsible for the translation adjustment.
C) It suggests that costs, revenues, assets, and liabilities should be traced to the individual manager who is responsible for them.
D) It suggests that managers should be held accountable for items that are both controllable and uncontrollable.