All of the following are correct about what managers should know about firms based in a country with a national competitive advantage except:

a. the determinants of national competitive advantage provide a foundation for a firm's competitive advantages.
b. success is not guaranteed as the firm implements its chosen international business-level strategy.
c. success is guaranteed as the firm implements its chosen international business-level strategy.
d. the actual strategic choices made are most compelling reasons for success or failure.

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.