Updated Jul-2023 Pass FOCP Exam - Real Practice Test Questions [Q55-Q69]

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Updated Jul-2023 Pass FOCP Exam – Real Practice Test Questions

Download Free Linux Foundation FOCP Real Exam Questions

Linux Foundation, a nonprofit organization dedicated to promoting open source technology, developed the FOCP Certification Exam in collaboration with leading cloud providers, FinOps experts, and industry professionals. FinOps Certified Practitioner certification program is based on the FinOps Foundation’s FinOps Handbook, which provides a comprehensive guide to cloud financial management. The Linux Foundation also offers a range of training courses and resources to help candidates prepare for the exam.

Q55. The FinOps journey consists of three iterative phases – Inform, Optimize and Operate.
Which of the following statements would be a correct description of the Inform Phase? (Select One)

Continuously evaluate business objectives and the metrics they are tracking against those objectives, and how they are trending.

Optimize their cloud footprint. Cloud providers offer multiple levers to optimize.

Empowering organizations and teams with visibility, allocation, benchmarking, budgeting, and forecasting.

Q56. 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)

Labels

Availability Zones

Namespaces

Billing Hierarchy

Q57. 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

Q58. In a FinOps based organization spending is a concern only for finance team and the FinOps team members. (True or False)

False

True

Q59. 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)

Assurance that cloud investments are aligned with business objectives

Cloud platform relationship management

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

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

Q60. 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”

Q61. 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.

Q62. 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)

Q63. ______________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

Q64. Which of the following would be correct when comparing TBM to FinOps? (Select Three)

TBM takes a top-down view whereas FinOps takes a more bottoms up view.

FinOps has great controls into cloud, granularity, and prescriptive methods but does not include decision data.

FinOps focuses on cloud processes, cloud data, and cloud execution whereas TBM provides the general ledger (GL) data (labor costs, licensing, revenue data).

FinOps looks to the fully-burdened all-up view of IT spend whereas TBM looks at hourly costing and identifies infrastructure anomalies in real-time.

FinOps and TBM are not complementary so its a best practice to choose one or the other

FinOps takes a top-down view whereas TBM takes a more bottoms up view.

Q65. Which of the following methods would we use if we wanted to ensure ‘a user defined coefficient’? (Select One)

Fixed

Proportional

Even Split

Indirect

Q66. FinOps Principles gives us what are called___________________to help guide our activities in FinOps. (Select One)

North Pole

Guiding Lights

Auroras

North Stars

Q67. Which of the following are the three ways that we would be able to split up shared costs? (Select Three)

Proportional

Even Split

Complex Split

Indirect

Fixed

Q68. In the world of FinOps the process of spreading out shared costs is iterative, and evolves over time. (True or False)

False

True

Q69. 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

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Updated Jul-2023 Pass FOCP Exam – Real Practice Test Questions [Q55-Q69]

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