Which of the Following Situations Does NOT Describe Someone Who

Which of the following situations does NOT describe someone who should implement a hedge strategy?

A) Mary is very nervous about losing profits if selling prices drop
B) Melanie's creditors will not lend her money if her crops might lose money
C) Katherine's board of directors will not tolerate losses, even if it means profits are smaller
D) Dawn wants to reduce price fluctuations, but will need to conduct many transactions to achieve her goals