Question $98$ Points Consider the following statements about performance reports: $1.$ Performance reports provide feedback to managers and allow them to better control operations. Il$.$ Many performance reports have budget, actual, and variance data. Ill. Performance reports are often structured around a firm's organization hierarchy$-$that is$,$ data relating to lower$-$level units $($e$.$g$.*$ departments$)$ are combined and flow into higher$-$level units $($eg$.,$ stores$).$ Which of the above statements is $($are$)$ true? $1$ and II$.$ Il and III. $1$ only. I and III. $1,$ Il$,$ and III.