There are many challenges in the capital budgeting process.This part of the project will use IBM's website to answerallquestions.Go to www ibm com

1. Go to the IBM front page, access "IBM Research". The log on the website using link above, scroll the page down, and click on "IBM Research" under Discover. The website is changing very quickly. So if these steps don't work, please search the website for IBM research projects.

2.Choosethree projectsfrom the list and describeeachproject in a paragraph or two what this project is and what resources it requires.

3. Can any of the projects that you selected be described asresearch collaborations?Why? Can any of the projects that you selected be described asacademic collaborations?Why?

4. Go back to the IBM front page, scroll down, and find "Investor relations".Go to IBM's most recent annual report. How much did IBM spend on Research, Development, and Engineering in 2019?How did this compare with the previous year?