Using Financial Tools to Minimize the Impact of Currency Fluctuations

question 330

Multiple Choice

Using financial tools to minimize the impact of currency fluctuations is an example of what type of risk management strategy?

• A) Mitigation
• B) Recovery
• C) Prevention
• D) Diversification

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Definitions:

Coordinate Efforts

The organization and alignment of individual actions and resources towards achieving a common objective.

Performing Stage

The stage in group evolution characterized by optimal collaboration, productivity, and synergy among team members.

Danger of Failure

The risk or possibility that a plan, project, or device will not succeed.

Storming

Part of the Tuckman's Stages of Group Development, representing the phase where conflicts and competition emerge within a team as members assert their opinions.