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T/F 3. In the following table, specify if each of the 10 statements is True or False. For the ones that are false, in the

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T/F 3. In the following table, specify if each of the 10 statements is True or False. For the ones that are false, in the right column of the table please provide a few words and explain what is the correct statement (15 points) If it is False, why and/or what Statement change makes it correct? 3-1. Oil refinery is a typical example of a continuous flow architecture 3-2. The position that the firm wants to occupy in its competitive product space is called the strategic position 3-3. Unit Load is the maximum time that can be allocate to each flow unit in order to keep up with the demand 3-4. All current best practices of world-class firms for a given product/service are called Strategic Fit 3-5. External bottleneck refers to a situation where in spite of enough capacity by a resource, they are not receiving enough demand from outside, or they are not having all the supplies needed (such as raw materials) to let them prepare or deliver the demanded product/service 3-6. A process flow time is equal to the flow time of its critical path plus non-critical path 3-7. If there is no waste in a process, the throughput of a resource will be the same is its effective capacity 3-8. Product mix modification refers to choosing the right product to manufacture 3.9. The only waste in a process is the wait time 3-10. Minimum Activity time with zero wait time is called the theoretical flow time

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