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

For those you specify as a false statement, very briefly explain why they are incorrect, and/or what change makes them a correct statement.

1. When there is large gap between the effective capacity and the theoretical capacity of a resource, it is an indication of a well-utilized resource.

2. A critical path is the one that has the most number of steps

3. Total flow time of a process is sum of the inventories of all the steps in that process

4.Total flow time of a process is sum of the inventories of all the steps in that process