Question about Visual C++ and MS Compiler

Hey guys I want to ask something. I'm currently using MS Visual Studio - the free version.I noticed that when i make a project it has a dropdown menu which Framework the project will be using.
Does this mean that if i copy my *.exe file on another computer which has older(or no) Framework,the *.exe file won't run ?
I have not used the free version of Visual Studio, but if you are using C++ programming language then there is no .NET Framework involved, you probably use C++/CLI, Visual Basic or C# programming languages which Visual Studio also is using.

To use a plain C++ project use something like "win32 project".
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