Virtually every salesperson follows the personal selling process to recruit new business

A firm pursues an ethnocentric staffing policy because it:

A. believes in providing growth opportunities to host-country nationals. B. wants to avoid cultural myopia. C. believes the host country lacks qualified individuals for senior management positions. D. wants to keep all core competencies within the home country. E. wants to build strong cultural and informal management networks in all its subsidiaries.

Present value of a stream of cash flows is what that stream is worth in today's dollars

Indicate whether the statement is true or false.