# 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$)$ False Processes with shorter durations are not always better than those with longer ones. Reduced durations can have an influence on quality and other aspects of the process output, resulting in less$-$than$-$ideal results.

$2$ The total inventory of a process is the maximum of inventories in different steps of that process. False A process's overall inventory may not always equal the highest possible inventory at each stage of the process. It may exceed or fall short of the specified amount.

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

$4$ The operational frontier represents the limit of what is currently achievable performance$-$wise by all competitors False The operational frontier denotes the upper bound on performance that all competitors can achieve within a certain time period or situation. It is not a fixed limit and may be enhanced with time.

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

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

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

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

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

$10$ 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. True