[Nov 07, 2024] Pass Your FOCP Dumps Free Latest Linux Foundation Practice Tests [Q61-Q85]

NO.61 ‘Manage Commitment Based Discounts’ would be under what domain according to the FinOps Foundation? (Select One)

Cloud Usage Optimization

Performance Tracking and Benchmarking

Cloud Rate Optimization

Organizational Alignment

NO.62 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.63 FinOps Principles gives us what are called___________________to help guide our activities in FinOps. (Select One)

North Pole

Guiding Lights

Auroras

North Stars

Reference https://www.finops.org/framework/principles/
FinOps Principles are north stars that guide the activities of our FinOps practice. They’re developed by FinOps Foundation members, and honed through experience. These were initially proposed as part of the writing the Cloud FinOps book in Sept 2019 as a joint AWS announcement at CloudyCon. Now, they cover multiple clouds, and knowing how cloud services change every quarter it seems, they may change slightly over time as new experience is gained by all.
These principles are in no particular order, and they should be taken as a whole. We encourage members to understand and practice all of these principles. Teams need to collaborate Finance moves at the speed and granularity of IT Engineering considers cost as a new efficiency metric Continuously improve your practice to gain efficiency and innovation Define governance and controls for cloud usage Everyone takes ownership for their cloud usage Empower feature and product teams to manage their own usage of cloud against their budget Gain visibility into cloud spend at all levels Track team-level targets to drive accountability A centralized team drives FinOps Centrally govern and control Committed Use Discounts, Reserved Instances, and Volume/Custom Discounts with Cloud Providers Centralized discount buying process removes rate negotiations from engineering team consideration Granular allocation of all costs, direct or shared, to the teams and cost centers responsible for them Reports should be accessible and timely Fast feedback loops result in more efficient behavior Visibility helps determine if resources are under- or over-provisioned Automation of resources drives continuous improvement Decisions are driven by business value of cloud Trending and variance analysis helps to understand why costs increased Internal team benchmarking drives best practices and celebrates wins Industry peer-level benchmarking determines how your company is performing Take advantage of the variable cost model of the cloud.
Rightsizing instances and services help drive appropriate resourcing levels Comparing pricing between services and resource types drives better decisions

NO.64 An Availability Zone in AWS is defined as? (Select One)

A sub-unit of an AWS Account, there are typically multiple AZs per Account.

A sub-unit of a Region, there are one AZ per Region.

A sub-unit of a Region, there are typically multiple AZs per Region.

A sub-unit of a POP , there are typically one AZ per POP.

NO.65 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.66 Which of the following would be the ‘primary advantages’ of using cloud over on premises services? (Select Two)

Cost Savings

Speed of delivery

Innovation

Ease of use

NO.67 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)

Maximize the value of the cloud spend.

Continuously improve upon the agreed metrics for efficiency.

Maximize storage use on AWS S3

Continuously monitor and terminate instances that are not used.

NO.68 Which of these is a key responsibility that should be centralized in FinOps?

Approve new systems being launched in cloud at implementation time.

Ensure consistent patching of infrastructure

Perform rightsizing on resources with savings above a certain threshold

Perform commitment purchasing activities on behalf of the company

NO.69 Cloud Unit Economics can be defined as a system of profit maximization based on objective measurements of how well your organization is performing against, not only its FinOps goals, but as a business in the market.

True

False

NO.70 This domain contains a set of capabilities to match actual workload needs to the cloud services used at any given time as closely as possible.

Organizational Alignment

Performance Tracking & Benchmarking

Cloud Usage Optimization

Cloud Rate Optimization

NO.71 What is the model of constraints that is used in project management called? (Select One)

Cloud Management Model

Resource Triangle

Project Model

Iron Triangle

NO.72 FinOps Practitioners use ___________________________ to provide insight into how well an organization is doing with cloud spend. (Select One)

Cloud Performance Benchmarking

Cloud Networking Reports

Cloud Billing Reports

Cloud Tools

NO.73 Your FinOps lead has requested all cloud expenses and would like to understand all costs realized and paid for this quarter.
What type of expense would consider this? (Select One)

Costs of Goods Sold (COGS)

Weighted Average Cost of Capital (WACC)

Capital Expenditure (CAPEX)

Operational Expenditure (OPEX)

NO.74 When considering shared costs we know that there are three main ways to accomplish this according to the FinOps Foundation.
What approach would we want to use if we wanted to use a ‘relative percentage of direct costs’ for our costs? (Select One)

Fixed

Proportional

Odd Split

Even Split

NO.75 Which of following is a simple formula for cloud spending? (Select One)

Spend = Usage × Rate -Discounts

Spend = Usage × Rate

Spend = Discount × Rate

Spend = Usage × Zone x Rate – Discount

NO.76 Which of these describes the primary goal/motivation of the Product Owner persona?

Deliver faster and high quality services to the organization, while maintaining business as usual

Cloud platform relationship management

Accurately budget, forecast, and report cloud costs

Quickly bring new products and features to market with an accurate price point

NO.77 ______________is the idea is to measure cloud spend against a business metric or metrics such as revenue, subscribers, etc.
What is the correct term? (Select One)

Unit Economics

Micro Economics

Cloud Economics

Macro Economics

NO.78 Which stage in the FinOps Adoption Process would we be ‘performing initial resourcing’ such as getting budget approval?

Stage 1 – Planning for FinOps in an Organization (Laying the groundwork)

Stage 2 – Socializing FinOps for adoption in an organization

Stage 3 – Preparing the organization for FinOps

NO.79 One of the reasons that managing Kubernetes costs in the cloud can be challenging is that the average lifespan of a container is one day. (True or False)

True

False

NO.80 Which of these is NOT a feature of FinOps?

FinOps is a practice

FinOps is done for business advantage

FinOps should be completed prior to beginning cloud migration

FinOps brings together Finance, Technology, and Business

NO.81 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.82 There are effectively two ‘levers’ that are used to reduce costs in cloud computing.
What are they? (Select Two)

Restructuring Costs

Mitigating Costs

Avoiding Costs

Reducing Costs

NO.83 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)

Data Dictionary

S3 Repository

Organization Resource

Billing Statement

NO.84 FinOps is the practice you will use to achieve value in the cloud, by bringing together finance, technology, and business groups to master the value of cloud and bring our organizations competitive advantage.

True

False

NO.85 Which statement is true about commitment based discounts?

The more flexible the commitment, the lower the discount

The more you prepay, the lower the discount

The earlier in the year you acquire the commitment, the better the rates

The savings rates are the same, regardless of the region of the world