Operations control systems tend to be less specific and focused ...

[stevenposner]

Operations control systems tend to be less specific and focused than strategic and organizational control systems.
 
  Indicate whether the statement is true or false

Question 2

Why was Adam Smith opposed to mercantilism? What was the premise of Smith's theory?
 
  What will be an ideal response?

[raili21]

Answer to Question 1

FALSE

Answer to Question 2

According to Adam Smith, the Scottish economist who is viewed as the father of free-market economics, mercantilism's basic problem is that it confuses the acquisition of treasure with the acquisition of wealth. Smith attacked the intellectual basis of mercantilism and demonstrated that it actually weakens a country, because it robs individuals of the ability to trade freely and to benefit from voluntary exchanges. Moreover, in the process of avoiding imports at all costs, a country must squander its resources producing goods it is not suited to produce. The inefficiencies caused by mercantilism reduce the wealth of the country as a whole, even though certain special interest groups may benefit. Absolute advantage suggests that a country should export those goods and services for which it is more productive than other countries and import those goods and services for which other countries are more productive.