Another role that accountants play in the risk management process involves quantify trade-offs associated with alternative risk response strategies. Management may prefer to keep some risk exposures rather than hedge whenever the costs of risk tion are deemed higher than the benefits. As an example, an importer who has a firm purchase commitment denominated in foreign currency may prefer not to hedge if he believes the foreign currency will weaken before the delivery date. Accountants would measure the benefits from hedging against its costs plus the opportunity costs of foregone gains from speculating in market movements