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

B. Managers should not be held accountable for uncontrollable variances.

Explanation:

Performance reporting: In project management, performance reporting is described as the electronic or physical representation of individuals work performance's information that is being intended to develop or generate specific actions, decisions, or awareness. In performance reporting, a manager intended to manage a specific project and everything related to would go as already planned.

Therefore, the manager is not responsible for something uncontrollable that occurs.