Based on historic data, every month, $120$ patients need to get admitted at a hospital. The hospital currently has $15$ beds, and the average number of days each patient stays in this hospital is $4$ days. Based on the provided information, do you think this hospital is actually able to accommodate the prospective patients hoping to get admitted? Consider each month to be $30$ days $(5$ points$).5.$ Which statement below is True, and which one is False$-$ for those you specified as a False statement, explain why they are incorrect, or what wording change makes them a True statement? $(10$ points$)$StatementTrue or False?Why? $($For the ones you chose as False only$)5-1.$ Highly specialized resources which allow for a high precision and speed are best to utilize for mass production of standard products $5-2.$ For a high degree of product variety a low degree of process flexibility is needed. $5-3.$ Marketing, Finance, and Operations are the $3$ core functions of each organization. $5-4.$ Occupying a differentiated position in the competitive product space requires producing and delivering different product attributes. $5-5.$ Functional strategies configure and develop business processes that best enable a firm to produce and deliver the products $5-6.$ Buffer is a flow unit which is waiting to go to the next step in a process $5-7.$ Inputs are transformed into outputs of a process through the network of activities, and by the help of the resources and information