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NEW QUESTION # 39
When managing cloud costs specifically around containers there are several things in Google Cloud we can do to manage costs and identify these costs.
Which of the following would be ways we could break down costs? (Select Three)
- A. Labels
- B. Availability Zones
- C. Namespaces
- D. Billing Hierarchy
Answer: A,C,D
NEW QUESTION # 40
Which of the following is the FinOps simple definition of 'forecasting'. (Select One)
- A. Forecasting is the practice of predicting future spending
- B. Forecasting is the practice of negotiating future cost overuns
- C. Forecasting is the practice of predicting future profits
- D. Forecasting is the practice of negotiating future cloud spend
Answer: A
NEW QUESTION # 41
What is the name of the file format used in AWS Cost and Usage reports? (Select One)
- A. DBR
- B. CUR
- C. CAR
- D. CSV
Answer: B
NEW QUESTION # 42
Which of the following are considered goals of the FinOps journey? (Select Four)
- A. SLOs
- B. Forecasting
- C. Benchmarking
- D. Budgeting
- E. Efficiency
- F. Visibility
Answer: B,C,D,F
NEW QUESTION # 43
Which stage in the FinOps Adoption Process would we be 'performing initial resourcing' such as getting budget approval?
- A. Stage 3 - Preparing the organization for FinOps
- B. Stage 1 - Planning for FinOps in an Organization (Laying the groundwork)
- C. Stage 2 - Socializing FinOps for adoption in an organization
Answer: B
NEW QUESTION # 44
Your business unit has decided to use Azure for its cloud services for production. Other business units have been Azure for both development and production use cases. You have been asked to provide tools in Azure that can provide recommendations for reducing costs and getting insight into better ways of resource management.
What tools in Azure could you identify? (Select Two)
- A. Azure Advisor
- B. Trusted Advisor
- C. Azure has only one tool
- D. Recommender
Answer: A,C
NEW QUESTION # 45
What is Technology Business Management (TBM)? (Select One)
- A. TBM is a value management framework for cost management
- B. TBM is an engineering framework used for FinOps
- C. TBM is a value management framework for decision making.
- D. TBM is a cost management framework for accountants
Answer: C
NEW QUESTION # 46
Which of the following would be the most direct description of what FinOps is about? (Select One)
- A. FinOps brings financial accountability to the variable spend model of cloud.
- B. FinOps is about both culture and creating savings in the world of cloud computing.
- C. FinOps brings administrative accountability to the variable spend model of cloud.
- D. FinOps is about both finance and creating savings in the world of cloud computing.
Answer: A
NEW QUESTION # 47
Which of the following would be considered a 'measure of success' for a FinOps based organization? (Select Two)
- A. Overall Tagging Compliance is 90% or above
- B. FinOps team can define desired level of training requirements
- C. Overall Tagging Compliance is 70% or above
- D. The cloud cost reporting ecosystem becomes a fundamental aspect of the IT department
Answer: A,D
NEW QUESTION # 48
FinOps Principles are north stars that guide the activities of our FinOps practice. They're developed by FinOps Foundation members, and honed through experience.
When it comes to the FinOps principle of 'A centralized team drives FinOps' which of the following statements would be true? (Select Two)
- A. Never use granular allocation of all costs, direct or shared, to the teams and cost centers responsible for them
- B. Track team-level targets to drive accountability
- C. Centralized discount buying process removes rate negotiations from engineering team consideration
- D. Centrally govern and control Committed Use Discounts, Reserved Instances, and Volume/Custom Discounts with Cloud Providers
Answer: C,D
NEW QUESTION # 49
Which of the following methods would we use if we wanted to ensure 'a user defined coefficient'? (Select One)
- A. Proportional
- B. Fixed
- C. Even Split
- D. Indirect
Answer: B
NEW QUESTION # 50
What is the name of the resource you would look at to identify the full list of the columns that can appear in AWS Cost and Usage Reports (AWS CUR) and the services that the columns apply to? (Select One)
- A. Data Dictionary
- B. Organization Resource
- C. S3 Repository
- D. Billing Statement
Answer: A
NEW QUESTION # 51
Which of the following statements would be true regarding deploying Kubernetes clusters concerning cost complexity. (Select Two)
- A. Generally organizations have multiple teams consuming portions of those underlying container resources.
- B. The average lifespan of a container being one day versus a typically much longer utilization time for a VM
- C. Allocating costs in a container environment can provide less challenges than traditional cloud environments
- D. The traditional approach to billing for managed Kubernetes services is to charge per node
Answer: A,B
NEW QUESTION # 52
'IT Asset Management' would be under what domain according to the FinOps Foundation? (Select One)
- A. Understanding Cloud Usage and Cost
- B. Performance Tracking and Benchmarking
- C. Cloud Rate Optimization
- D. Cloud Usage Optimization
Answer: A
NEW QUESTION # 53
There are effectively two 'levers' that are used to reduce costs in cloud computing.
What are they? (Select Two)
- A. Reducing Costs
- B. Restructuring Costs
- C. Mitigating Costs
- D. Avoiding Costs
Answer: A,D
NEW QUESTION # 54
You have started working a new role in an organization that practices FinOps. Your new role has focused on FinOps for some of your duties.
Which of the following would likely be considered a FinOps professionals responsibility? (Select Two)
- A. Maximize the value of the cloud spend.
- B. Continuously monitor and terminate instances that are not used.
- C. Maximize storage use on AWS S3
- D. Continuously improve upon the agreed metrics for efficiency.
Answer: A,D
NEW QUESTION # 55
What term is used to describe the ability to identify and allocate costs to the appropriate cost categories in use by a customer? (Select One)
- A. Cost Allocation
- B. Capitalization
- C. Depreciation
- D. CAPEX
Answer: A
NEW QUESTION # 56
An Availability Zone in AWS is defined as? (Select One)
- A. A sub-unit of a Region, there are typically multiple AZs per Region.
- B. A sub-unit of a POP , there are typically one AZ per POP.
- C. A sub-unit of an AWS Account, there are typically multiple AZs per Account.
- D. A sub-unit of a Region, there are one AZ per Region.
Answer: A
NEW QUESTION # 57
What would be some common names that could used for a FinOps team? (Select Three)
- A. Chief Information Office
- B. Cloud Business Office
- C. Cloud Support Office
- D. Cloud Economics Team
- E. Cloud Center of Excellence
Answer: B,D,E
NEW QUESTION # 58
Which of the following are the three ways that we would be able to split up shared costs? (Select Three)
- A. Fixed
- B. Proportional
- C. Even Split
- D. Complex Split
- E. Indirect
Answer: A,B,C
NEW QUESTION # 59
A key role toward building FinOps adoption is the Driver? (True or False)
- A. True
- B. False
Answer: A
NEW QUESTION # 60
Your organization has recently adopted a FinOps based method for dealing with adopting FinOps. Currently, your organization has recently completed 'Laying the Groundwork' for FinOps culture in your company.
What would the next stage for the organization to accomplish? (Select One)
- A. Enforcing mandates for cloud spend.
- B. Planning for FinOps in an Organization
- C. Socializing FinOps for adoption in an organization
- D. Preparing the organization for FinOps
Answer: C
NEW QUESTION # 61
When proposing the adoption of a FinOps function within an organization, there will be a need to brief a variety of personas among the executive team to gain approval, buy-in, and involvement in conducting FinOps and achieving its goals. Every role has a clearly documented Primary Goal.
What is the primary goal for the procurement business unit? (Select One)
- A. Drive best practices into the organization through education, standardization, and cheerleading
- B. Cloud platform relationship management
- C. Assurance that cloud investments are aligned with business objectives
- D. Quickly bring new products and features to market with an accurate price point.
Answer: B
NEW QUESTION # 62
When rightsizing your containers which of following would be focused on responding dynamically to different conditions? (Select One)
- A. Node Rightsizing
- B. Load Balancing
- C. Cluster Rightsizing
- D. Autoscaling
Answer: D
NEW QUESTION # 63
FinOps is about saving money. (True or False)
- A. False
- B. True
Answer: A
NEW QUESTION # 64
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