Question 1

FinOps Principles are north stars that guide the activities of our FinOps practice. These principles are clearly broken down and we must encourage members to practice these. When it comes to these principles which of the following activities would be under the "Teams need to Collaborate" principle? (Select One)

Options :

A : Fast feedback loops result in more efficient behavior

B : Rightsizing instances and services help drive appropriate resourcing levels

C : Define governance and controls for cloud usage

D : Gain visibility into cloud spend at all levels

Answer: C

Question 2

Each time it cycles through the FinOps lifecycle, the FinOps team will:

Options :

A : build experience and mature its capabilities

B : build a new capability

C : decrease overall cloud costs

D : establish the control of the FinOps teams more firmly

Answer: A

Question 3

What term would we use to define the act of changing the size of provisioned resources to one that better matches needs? (Select One)

Options :

A : Cost Reduction

B : Cost Avoidance

C : Provisioning

D : Right-Sizing

Answer: D

Question 4

Which is a key reason for centralizing Rate Optimization?

Options :

A : The best rates can be achieved when negotiated by a central buying authority on aggregate usage

B : Individual DevOps teams are better at knowing what rates they should receive

C : Committed rates can only be negotiated per account or subscription, so must be managed centrally to see all accounts or subsmiptions

D : Commitment-based discounts have to be chosen for specific resources, not for instance types

E : Rate reductions must consider the details of which individual resources are being used so a complete list is required to purchase them.

Answer: A

Question 5

In a FinOps based organization spending is a concern only for finance team and the FinOps team members. (True or False)

Options :

A : False

B : True

Answer: A

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