GFOA Exam CPFO Topic 12 Question 111 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 111
Topic #: 12

[All CPFO Questions]

Risks are not assumed should, if possible, be transferred either by a ______________.

AHold-harmless contract clause

BWaiver of subrogation

CBoth of these

DNone of these

Show Suggested Answer

Suggested Answer: C

by Twana at May 02, 2025, 09:48 AM

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Crista

25 days ago

You might be right, it does make sense to transfer risks through both clauses.

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Melvin

29 days ago

But wouldn't both A and B be correct? So the answer is C) Both of these.

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Crista

1 months ago

I disagree, I believe the answer is B) Waiver of subrogation.

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Melvin

1 months ago

I think the answer is A) Hold-harmless contract clause.

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Aron

1 months ago

Hmm, I'm not so sure. I was considering D) None of these, but now I'm second-guessing myself. Decisions, decisions...

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Golda

2 months ago

I think the correct answer is C) Both of these. Transferring risk through a hold-harmless contract clause and a waiver of subrogation are both effective ways to manage risks.

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Crista

2 days ago

By having both, you can effectively manage and transfer risks.

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Madelyn

3 days ago

It's crucial to have both a hold-harmless contract clause and a waiver of subrogation in place.

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Tatum

4 days ago

I agree, both options are important for transferring risk.

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Oretha

18 days ago

Yes, having both options gives added protection and helps manage risks effectively.

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Eric

1 months ago

It's crucial to have both in place to protect against potential risks.

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Jolanda

1 months ago

I agree, transferring risk through both a hold-harmless contract clause and a waiver of subrogation is important.

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