What is a feature of the risk management program's impact on an organization?

The correct response highlights the importance of reputation management within a risk management program. Effective risk management contributes significantly to protecting an organization's reputation by proactively identifying, assessing, and mitigating potential risks that could harm its public image. This is essential because a strong reputation can lead to increased customer loyalty, trust from stakeholders, and overall market success.

When an organization actively manages its risks, it demonstrates to clients, employees, and investors that it is committed to maintaining high standards and safeguarding against potential pitfalls. In doing so, the organization can avoid scandals, negative publicity, and customer dissatisfaction, all of which can have long-lasting effects on its reputation.

Considering the other options, increased chances of loss directly contradict the purpose of a risk management program, which aims to minimize those chances. Higher costs for risk management may seem like a drawback, but they're often justified by the benefits of effective risk mitigation including reputation protection. Decreased efficiency in decision making does not accurately represent a well-structured risk management approach, which should enhance decision-making by providing clearer insights into potential risks and their implications.