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

For those you specify as a false statement, in a few words please explain why they are incorrect, and/or what change makes them a correct statement (15 points)

#	Statement	True or False? (T/F)	If you chose False, why?
1	Less inventory of flow units is preferred over more of it in any process
2	In a stable process the takt time is less than the actual flow time
3	Customer rating of a product on Amazon is an external metric, while the customer retention rate is an internal metric
4	Manufacturing equipment downtime is an external metric
5	Opportunity cost refers to the situation in which a highly flexible process is utilized to produce large volumes of very few products
6	The time that it takes for a flow unit from the start to the end of the process is called the Takt Time
7	Flow Time is an indicator of the process speed (A higher Flow Rate indicates a faster speed in generating outcomes).
8	Product or service response time is one of the product attribute that generally matters to any customer
9	3D printers are an example of a highly specialized process architecture that can generate highly customized and unique outcomes in low volumes
10	Operations frontier the firms product portfolio as measured along the product attributes