4. Specify if the statements below are true or False. For those which are incorrect, provide a small explanation why they are wrong, or what is the correct statement accordingly (8 points). True or Statement False? Why? (For the ones you chose as False only) Highly specialized resources which allow for a high precision and speed are best to utilize for mass production of standard products The more product variety is desired, the more process flexibility is needed. Marketing, Finance, and IT are the 3 core functions of each organization Occupying a differentiated position in the competitive product space requires producing and delivering different product attributes. Functional strategies configure and develop business processes that best enable a firm to produce and deliver the products 5. Consider an online shopping process. Please provide 1 Financial, 2 External, and 2 Internal metric examples for this process (6 points). 6. In the process below, as shown, after step 1, 75% of the flow units go through step 2 and 4, and the rest of the original flow units go to step 3. Determine the value of T., 12, and T3. Do not forget to first convert the units if needed before using any value in the formula (6 points). Consider each month to be 30 days if needed. Step 2 Step 4 14-120 75% T2-2 days R1-1,000 applications per month Start Step 1 11-200 End Step 3 13100