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Question 1: (15 Points) A. The value of information is the difference between the benefits realized from using that information and the costs of producing it. Would you, or any organization, ever produce informatie if its expected costs exceeded its benefits? If so, provide some examples. If not, why not? B. Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance? Why? a. 1. The excess of benefits produced by the information over the costs required to produce the value of the information 2.Organizations usually produce information only the benefits realized from that informacions greater than the cost of producing it However, there are a few cases when an organation would produce information with a higher cost and less benefits 3. Following are the examples of two such situations when an organizatibn might produce information that has a P Type here to search