For a large, multinational corporation like IBM, there are many challenges in the capital budgeting process. This part of the project will use IBM's website (https://www.ibm.com/us) to answer the following questions.
1. From the site's front page, access "IBM Research" (it changes from year to year, but it is in the "About IBM" at the bottom of the page - click to section "IBM Research"). Choose one project from the list and describe in a paragraph or two what the project is and what resources it require
2. From the site's front page, find the "Connect with us" at the bottom of the page, and select a project from IBM's recent research collaborations. Describe in a paragraph what this project is.
3. From the site's front page, find the "Connect with us" at the bottom of the page, and select a project from IBM's recent academic collaborations. Describe in a paragraph what this project is.
4. Go back to the IBM front page, find "Information for" at the bottom of the page, and access the "Investors" section. Go to IBM's most recent annual report. How much did IBM spend on research, development, and engineering in the most recent year? How did this compare with the previous year?