Procter & Gamble's Balance Sheet Suggests That Which of the Following

Procter & Gamble's balance sheet suggests that which of the following is NOT a characteristic of the company's risk exposure or risk management practice?

A) P&G manufactures and sells its products in many countries.It mainly uses forwards and options to reduce the risk that the company's financial position will be adversely affected by short-term changes in exchange rates.
B) P&G uses futures,options,and swaps to manage price volatility of raw materials.
C) P&G designates a security as a hedge of a specific underlying exposure and monitors its effectiveness in an ongoing manner.
D) P&G is exposed to significant volatility from commodity hedging activity and credit risk exposure.
E) P&G grants stock options and restricted stock awards to key managers and directors.