1. (5 points) True/False questions. (a) As a first mover, your operations cost is lower than that of your competitors. True o False o (b) Cycle time of a process is defined as time to complete one unit of product. True o False (c) Choosing the right process flexibility is a strategic operational decision, and choosing the right product variety is a strategic business decision. True o False o (d) A continuous flow process requires a low cost of raw material. True o False o (e) Companies wish to shorten the time that takes to deliver products to customers to seek potential benefits including price premium and lower inventory. True o False 0 (f) If a company hopes to increase the capacity of a process, the company needs to try to shorten the time between the completions of successive units. True o False o (g) In PERT, we use the most likely activity duration of activities to estimate project duration. True o False 0 (h) Project cost is the sum of costs of activities on critical path(s). True o False o (i) Suppose a project starts from activity A and ends at activity Z. Among all paths connecting A to Z, a path with the longest path duration is a critical path. True o False o (j) A project team uses PERT to estimate project duration. If the project duration is normally distributed with mean of 20 weeks and variance of 4, then the probability that the project completes in less than 16 weeks is more than 30%. True o False o