Assess the veracity of the following statements regarding capacity planning in business operations: I- Capacity planning is a process that involves...

Assess the veracity of the following statements regarding capacity planning in business operations: I- Capacity planning is a process that involves the determination of the production capacity needed by an organization to meet changing demands for its products. II- Capacity planning is one of the vital signs for the planning process. III- Each business function must plan and control the capacity of its own 'micro-operations' to meet the main production function. IV- Some workstations operate below their capacity as demand is sufficient to 'fill' the workstation's capacity. V- Some other workstations operate at full capacity, in what is called 'standard capacity'. Choose the correct alternative.

I- Capacity planning is a process that involves the determination of the production capacity needed by an organization to meet changing demands for its products.
II- Capacity planning is one of the vital signs for the planning process.
III- Each business function must plan and control the capacity of its own 'micro-operations' to meet the main production function.
IV- Some workstations operate below their capacity as demand is sufficient to 'fill' the workstation's capacity.
V- Some other workstations operate at full capacity, in what is called 'standard capacity'.
Only statements II and IV are true.
Only statements I, II, and III are true.
Only statements I and V are true.
Only statements III, IV, and V are true.
All statements are true.