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Clear roles and responsibilities for team members are crucial for effective incident response planning because they ensure that each member understands their specific duties during an incident. This clarity facilitates coordinated efforts, minimizes confusion, and enhances efficiency in response actions. When team members are aware of their individual responsibilities, it allows for a more organized response to incidents, which can significantly reduce the time required to manage the situation effectively.

Furthermore, having defined roles aids in accountability, allowing for better communication and collaboration among team members. Each person knows whom to report to and who is responsible for certain tasks, which is particularly vital in high-stress situations where quick and decisive actions are required.

Other options highlight issues that can undermine an effective incident response. For example, prioritizing speed over accuracy may lead to hasty decisions that could exacerbate an incident. Ignoring potential risks can leave organizations unprepared for various scenarios, and focusing solely on financial impacts may overlook critical factors that could affect safety and security. Therefore, establishing clear roles and responsibilities stands out as a foundational component of a successful incident response plan.