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1. What do you think would be the most difficult balance sheet account to audit? Include a brief explanation.

2. How is the New and Lean Approach to product development different from the Traditional Approach? Provide data to support your answer.

3. A system is composed of two parts; both must operate in order for the system to perform as intended. The parts have reliabilities of .6 and .5. What is the reliability of the system.

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