$6.$ True$/$False Statements: Specify which statement is True or False in the table below.

For those statements which you identify as a false statement, explain why they are incorrect, and$/$or what change makes that statement a correct one $($very short answers$-1$ or $2$ words will be enough$)(20$ points$)$

# Statement True or False? $($T$/$F$)$ If you chose False, why?

$1$ Reduced duration of the processes is always preferred over longer durations $($assume that quality or other aspects of the process outcome will not be impacted by the reduced duration$)$

$2$ The total inventory of a process is the maximum of inventories in different steps of that process.

$3$ The average time it takes for the flow units to flow through the process is called Takt Time

$4$ The operational frontier represents the limit of what is currently achievable performance$-$wise by all competitors

$5$ Attempting to obtain unique products through a process with high flexibility leads to opportunity costs

$6$ The max time possible to allocate toward completion of a process from the beginning to the end is called its Takt Time

$7$ Reducing the process flow time, leads to an increased throughput and faster processing of the process inventory

$8$ Percentage of the times manufacturing equipment spends in downtime is an external metric

$9$ A higher flow rate indicates a slower process in generating outcomes

$10$ A firm$$s strategic position strongly depends on its capabilities and threats such as its competitors, new rivals, new technologies that could replace the need for its product$/$service$,$ etc.