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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 ______________.

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Suggested Answer: C

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

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Felton
29 days 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
4 days ago
B) Waiver of subrogation
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Vincenza
14 days ago
A) Hold-harmless contract clause
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Dannie
30 days 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 months 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
6 days ago
C) Both of these seem like the most secure choices.
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Izetta
12 days ago
It's always better to have multiple ways to transfer risk.
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Tamie
26 days ago
I think having both options is the safest bet.
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Francoise
27 days ago
I agree, C) Both of these cover all the bases.
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Crista
2 months ago
You might be right, it does make sense to transfer risks through both clauses.
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Melvin
2 months ago
But wouldn't both A and B be correct? So the answer is C) Both of these.
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Crista
2 months ago
I disagree, I believe the answer is B) Waiver of subrogation.
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Melvin
2 months ago
I think the answer is A) Hold-harmless contract clause.
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Aron
2 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
3 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
1 months ago
By having both, you can effectively manage and transfer risks.
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Madelyn
1 months ago
It's crucial to have both a hold-harmless contract clause and a waiver of subrogation in place.
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Tatum
1 months ago
I agree, both options are important for transferring risk.
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Oretha
2 months ago
Yes, having both options gives added protection and helps manage risks effectively.
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Eric
2 months ago
It's crucial to have both in place to protect against potential risks.
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Jolanda
2 months ago
I agree, transferring risk through both a hold-harmless contract clause and a waiver of subrogation is important.
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