What is the benefit of risk management? a) Greater management flexibility b) Controlling risks and financial and human resource costs c) Increase in a company's share price d) To find mitigations or avoid risks before they occur and thus reduce the financial losses. Furthermore, to evaluate if a decision is worth it A61. What problem does cognitive bias cause for decisions? a) Poor Outcome of the decision b) Management gridlock c) Financial costs to the management d) Ill-timed decisions 12 | P a g e A62. Who should best lead a Failure Mode and Effects Analysis (FMEA) in a manufacturing organization? a) The CEO b) The bottom placed team on the AFL ladder, because of their consistent failure to win AFL games c) Moderator experienced in FMEA d) An employee who consistently fails tasks at work A63. Which of the following are reasonable Key Performance Indicators (KPIs) for a manufacturing organization? a) Cycle time b) Quality c) Rejection rate d) Machine availability e) All of the above A64. In the Balanced Score Card Approach, the Learning and Growth score can be measured by a) Monitoring people's skills b) Measuring how systems are enhanced c) All of the above d) Measuring