These are aspirational statements of principles, policies, and rules for foreign operations that a multinational corporation voluntarily agrees to follow.

Which of the following is not an important reason for alliances among companies competing in high tech markets?

a. Need for rapid product development b. High development costs c. Importance of creative destruction d. Need for complementary skills e. Ability to offer customers a complete solution

In general, projects with similar-sized investments and lower cash inflows in the early years tend to be preferred at higher discount rates

Indicate whether the statement is true or false