The Big Manufacturing Firm (BMF) hopes to be in the manufacturing business for many years to come. It currently uses a highly labour intensive production system with a large number of workers on its production lines. BMF's financial performance has suffered recently and therefore it is thinking of ways to improve its financial performance. One of the possibilities that is being considered is whether to replace its workers with a highly automated production system. Question 1 1 pts Which of the following statements about BMF's efforts to improve its financial performance is/are likely to be true? 1. BMF should consider both the long-run and short-run actions it can take to improve its financial performance 2. When deciding on whether to replace workers with an automated production system, BMF should focus solely on the impact of doing so on the production (or operations) segment of its organisational value chain 3. The decision/action to replace workers with an automated production system (if it goes ahead) should involve planning and control of the costs associated with switching over to an automated production system Statement 1 only Statement 2 only Statement 3 only Statement 1 and 3 only Statement 1, 2 and 3