Which of the following is NOT a best practice for handling failure?Codifying and sharing lessons learned1Attempting to delay or slow down failure2Encouraging intelligent risk-taking3Aligning upfront on what success and failure would look like4ReportConfirm

Important lessons learned from failure include all of the following:Group of answer choicesChase shiny objectsOnce you fail you should never try againFind your deeper purposePrioritize your point of viewFall fast

Which of the following risk mitigation approaches reduces the consequences of a system failure?Group of answer choicesSystem monitoringRedundancy and backupsRegular maintenance and testingCybersecurity measures

Which of the following risk mitigation approaches' primary goal is to increase system failure resilience? Group of answer choicesCybersecurity measuresRedundancy and backupsDisaster recovery planningSystem monitoring

12 Evaluate the view that the most effective ways of overcoming market failuredepend on the specific causes of market failure. (25 marks)

What best describes the principle of “failing securely”? Ensure that every possible failure is documented and tested.Ensure that if a system fails, it will be done safely.Ensure that the system isn’t available if a bug has been verified.Ensure that the management has accepted the responsibility for every possible bug.