GFOA CPFO Exam - 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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Mignon

9 months ago

Totally agree, both are good strategies!

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Lorrine

10 months ago

Wait, can you really transfer all risks like that?

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Ruby

10 months ago

I thought waivers were more about insurance claims, not risk transfer.

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Raymon

10 months ago

I think both options are valid.

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Justa

10 months ago

Definitely a hold-harmless contract clause!

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Gayla

10 months ago

I’m torn between A and B. I know they both deal with risk transfer, but I can’t recall which one is more commonly used.

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Nathan

11 months ago

I feel like I’ve seen a question like this before, and I think it was about how both options can help in risk management.

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Noah

11 months ago

I'm not entirely sure, but I remember something about hold-harmless clauses being important in liability agreements.

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Alonzo

11 months ago

I think the answer might be C, both of these, since both clauses are used to transfer risk in contracts.

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Ah, this is a tricky one. I'm not entirely confident in my understanding of the differences between these risk transfer methods. I'll need to think it through step-by-step to make sure I get the right answer.

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Kanisha

11 months ago

Okay, I've got this. The question is asking about how to transfer risks, and the options mention a hold-harmless clause and a waiver of subrogation. I'll review those concepts and select the best answer.

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Matthew

12 months ago

Hmm, I'm a bit unsure about this one. I know we covered risk transfer strategies in class, but I'm having trouble remembering the specific terminology. Let me think this through carefully.

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Elliott

12 months ago

This seems like a straightforward risk management question. I'll focus on identifying the key terms and concepts to determine the best approach.

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Felton

1 year ago

C) Both of these, no doubt about it. I've seen these risk transfer methods used in countless contracts. This is a textbook question, really.

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Natalie

1 year ago

B) Waiver of subrogation

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Vincenza

1 year ago

A) Hold-harmless contract clause

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Dannie

1 year ago

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

1 year 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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Britt

1 year ago

C) Both of these seem like the most secure choices.

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Izetta

1 year ago

It's always better to have multiple ways to transfer risk.

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Tamie

1 year ago

I think having both options is the safest bet.

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Francoise

1 year ago

I agree, C) Both of these cover all the bases.

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Crista

1 year ago

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

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Melvin

1 year ago

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

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Crista

1 year ago

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

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Melvin

1 year ago

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

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Aron

1 year 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

1 year 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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