Question: Jill is curious how the forward contract worked out that John was assigned to initiate. A currency forecast stated that the USD/CAD rate would be

Jill is curious how the forward contract worked out that John was assigned to initiate. A currency forecast stated that the USD/CAD rate would be $1.25. They purchased the contract to buy USD at 1.23 and 90-days later the rate was 1.25, just as the forecaster stated. The team decided, upon reviewing, that they would continue to take the advice of the currency forecaster. This is an example of which stage in the risk management cycle? Question 11 options: Implement the Plan and Its Strategies Identify Key Risks Measure Probability and Impact Monitor, Evaluate and Adjust None of the above

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