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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Dannie

Haha, this question is a real mind-bender! I'm going with C) Both of these, but I'm tempted to just go with the 'none of the above' option just to mess with the graders.

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Alease

22 hours ago

Definitely C) Both of these. That's the most comprehensive answer in my opinion. I can't imagine any other options being valid here.

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Crista

26 days ago

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

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Melvin

30 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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