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NO.22 Which of the following would be the most direct description of what FinOps is about? (Select One)

FinOps brings administrative accountability to the variable spend model of cloud.

FinOps is about both culture and creating savings in the world of cloud computing.

FinOps brings financial accountability to the variable spend model of cloud.

FinOps is about both finance and creating savings in the world of cloud computing.

NO.23 A key role toward building FinOps adoption is the Driver? (True or False)

False

True

NO.24 In regards to cloud forecasting there is no one forecasting method that fits all situations.(True/False)

True

False

NO.25 Each major cloud provider labels the platforms ‘allocation metadata’ a specific way.
How does AWS name the allocation metadata? (Select One)

“Resource tags”, “Linked Accounts” and “groups”

“Subscription’. ‘Labels” and “billing accounts”

“Resource tags”, “Linked Accounts” and “Organizations”

“Subscriptions”, “resource groups” and “resource tags”

NO.26 Which of the following statements would be true regarding deploying Kubernetes clusters concerning cost complexity. (Select Two)

The average lifespan of a container being one day versus a typically much longer utilization time for a VM

Allocating costs in a container environment can provide less challenges than traditional cloud environments

The traditional approach to billing for managed Kubernetes services is to charge per node

Generally organizations have multiple teams consuming portions of those underlying container resources.

NO.27 Your organization has recently adopted a FinOps based method for dealing with cloud costs and adopting FinOps. Currently, your organization has recently completed ‘Step Two’ for FinOps culture in your company.
What would the next stage for the organization to accomplish? (Select One)

Socializing FinOps for adoption in an organization

Planning for FinOps in an Organization

Enforcing mandates for cloud spend.

Preparing the organization for FinOps

NO.28 What would be some common names that could used for a FinOps team? (Select Three)

Cloud Economics Team

Cloud Support Office

Cloud Center of Excellence

Cloud Business Office

Chief Information Office

NO.29 You have been asked to assemble the first FinOps team for your company.
What would be two factors you must consider when organizing your team? (Select Two)

Cloud provider billing models

Complexity of the Cloud usage

Location of your team members

Complexity of your organization

NO.30 What is the primary goal of a FinOps Practitioner in an organization? (Select One)

Drive best practices into the organization through cost cutting, standardization, and cheerleading

Drive best practices into the organization through education, standardization and cheerleading.

Drive best practices into the organization through education, optimization and documentation.

Drive best practices into the organization through cost cutting, strict management and data disbursement.

NO.31 Which of the following methods would we use if we wanted to ensure ‘a user defined coefficient’ ? (Select One)

Target Split

Fixed

Even Split

Proportional

NO.32 ‘Establish FinOps Culture’ would be under what domain according to the FinOps Foundation? (Select One)

Real-Time Decision Making

Organizational Alignment

Understanding Cloud Usage and Cost

Cloud Usage Optimization

NO.33 What is the correct definition of an image? (Select One)

A group of server instances, managed by container orchestration.

A template of a container with the software that needs to be run.

Virtual cluster where pods/containers can be deployed separately from other namespaces.

Cloud server (e.g., EC2 instance, virtual machine).

NO.34 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)

CAPEX

Depreciation

Capitalization

Cost Allocation

NO.35 Your FinOps leader and mentor has reached out to you to find out more about Azure Capabilities.
What tool in Azure would you use to implement enforcement of Tagging on Azure? (Select One)

Azure Policy

Azure Monitoring

Azure Invoices

Azure Editor

NO.36 Under the FinOps Principles are 6 activities.
Which activities would fit under ‘ Decisions are driven by business value of cloud’? (Select Three)

Internal team benchmarking drives best practices and celebrates wins

Industry peer-level benchmarking determines how your company is performing

Rightsizing instances and services help drive appropriate resourcing levels

Trending and variance analysis helps to understand why costs increased

Track team-level targets to drive accountability

NO.37 Cloud providers such as AWS and GCP allow for discounts by letting customers commit to a cloud service provider for a set amount of resource usage such as using a Reserved Instance or Committed Discounts.
What is the term we would call this pricing strategy? (Select One)

Allocations

On Demand

Reservations

Rightsizing

NO.38 Please refer to the graphic of the Phases of the FinOps Lifecycle for this question What is the correct order of the FinOps Lifecycle phases? Please replace 1,2,3 with correct sequence (Select One)

Inform, Operate and Optimize

Inform, Optimize and Operate

Optimize, Inform, Operate

Optimize, Operate, Inform