Clear your concepts with FOCP Questions Before Attempting Real exam
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The FOCP certification exam is a rigorous test that covers topics such as cloud cost management, cloud financial governance, and cloud financial analysis. FOCP exam is designed to test the knowledge and skills of candidates in these areas and is intended to be a reliable indicator of an individual's ability to implement best practices for managing cloud costs.
NEW QUESTION # 56
Which of the following would be the correct description of what a 'cluster' is in Kubernetes? (Select One)
- A. A template of services to be ran in Kubernetes
- B. A group of server instances, managed by container orchestration.
- C. A template of a container with the software that needs to be run.
- D. An instance of a container image
Answer: B
NEW QUESTION # 57
When comparing TBM and FinOps, which one would focus on results mainly on speed? (Select One)
- A. TBM
- B. FinOps
Answer: B
NEW QUESTION # 58
Which of the following would be considered a 'measure of success' for a FinOps based organization? (Select Two)
- A. FinOps team can define desired level of training requirements
- B. Overall Tagging Compliance is 70% or above
- C. The cloud cost reporting ecosystem becomes a fundamental aspect of the IT department
- D. Overall Tagging Compliance is 90% or above
Answer: C,D
NEW QUESTION # 59
Which of the following are some common reasons it can be harder to bill and report on Kubernetes costs? (Select Two)
- A. Containerized environments are much more dynamic than non-containerized ones
- B. Containerized environments are less dynamic than non-containerized ones
- C. One-to-one mappings of tags to specific teams do not allows cover some of the complex use cases that container utilization can create.
- D. Kubernetes clusters are never shared with applications run by any number of teams
Answer: A,C
NEW QUESTION # 60
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. Depreciation
- B. Cost Allocation
- C. CAPEX
- D. Capitalization
Answer: B
NEW QUESTION # 61
What service on AWS would use to download and store the Cost and Usage report on so you can query it? (Select One)
- A. S3
- B. Redshift
- C. RDS
- D. Athena
Answer: A
NEW QUESTION # 62
'Establish FinOps Culture' would be under what domain according to the FinOps Foundation? (Select One)
- A. Understanding Cloud Usage and Cost
- B. Organizational Alignment
- C. Cloud Usage Optimization
- D. Real-Time Decision Making
Answer: B
NEW QUESTION # 63
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 predicting future profits
- C. Forecasting is the practice of negotiating future cost overuns
- D. Forecasting is the practice of negotiating future cloud spend
Answer: A
NEW QUESTION # 64
Which of the following statements would be true regarding deploying Kubernetes clusters concerning cost complexity. (Select Two)
- A. The average lifespan of a container being one day versus a typically much longer utilization time for a VM
- B. Generally organizations have multiple teams consuming portions of those underlying container resources.
- C. The traditional approach to billing for managed Kubernetes services is to charge per node
- D. Allocating costs in a container environment can provide less challenges than traditional cloud environments
Answer: A,B
NEW QUESTION # 65
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)
- A. Capital Expenditure (CAPEX)
- B. Weighted Average Cost of Capital (WACC)
- C. Operational Expenditure (OPEX)
- D. Costs of Goods Sold (COGS)
Answer: C
NEW QUESTION # 66
Your business unit has decided to use GCP for its cloud services for production. Other business units have been GCP for both development and production use cases. You have been asked to provide tools in GCP that can provide recommendations for reducing costs and getting insight into better ways of resource management.
What tools in GCP could you identify? (Select Two)
- A. Recommender
- B. Commitment Analysis
- C. Cost Explorer
- D. Trusted Advisor
Answer: A,B
NEW QUESTION # 67
What is Technology Business Management (TBM)? (Select One)
- A. TBM is a value management framework for decision making.
- B. TBM is an engineering framework used for FinOps
- C. TBM is a value management framework for cost management
- D. TBM is a cost management framework for accountants
Answer: A
NEW QUESTION # 68
Which of the following statements would be correct about Weighted Average Cost of Capital? (Select One)
- A. This is the rate the company is expected to pay on average to all its securities holders to finance the operation of the business.
- B. This rate is set by the internal markets
- C. This is the rate the company is expected to pay on average to all its employees to finance the operation of the business.
- D. This rate is set by the shareholders
Answer: A
NEW QUESTION # 69
Cloud Forecasting can be a challenge, especially in large disparate organizations. Centralization can be a helpful factor but also there are some focus areas that we can use to 'break the challenge into addressable parts'. (Select Three)
- A. Use forecasting models to help provide predicable models for consistency.
- B. Cloud forecasting is best used in organizations that are not centralized.
- C. Only use cloud provider tools since they are based solely on the cloud platform.
- D. Use communications to relay that forecasting is being used for decision making.
- E. Tagging and cost allocation can provide insight into resource spending.
Answer: A,D,E
NEW QUESTION # 70
Which of the following are phases in the FinOPS Lifecycle? (Select Three)
- A. Perform
- B. Implement
- C. Identify
- D. Operationalize
- E. Inform
Answer: C,D,E
NEW QUESTION # 71
In regards to cloud forecasting there is no one forecasting method that fits all situations.(True/False)
- A. False
- B. True
Answer: B
NEW QUESTION # 72
There are effectively two 'levers' that are used to reduce costs in cloud computing.
What are they? (Select Two)
- A. Restructuring Costs
- B. Reducing Costs
- C. Mitigating Costs
- D. Avoiding Costs
Answer: B,D
NEW QUESTION # 73
Which phase of the FinOps cycle is where continuous optimization should really occur? (Select One)
- A. Inform
- B. Operate
- C. Optimize
Answer: B
NEW QUESTION # 74
_____________ or ____________is the foundation of telling apart workloads in the cloud, identifying ownership, and attributing costs to teams. (Select One)
- A. Tagging or Identifying
- B. Segmenting or Labeling
- C. Labeling or Segmenting
- D. Tagging or Labeling
Answer: D
NEW QUESTION # 75
The spending patterns have changed quite a bit when compared to on premises consumption models.
Which of the following statements would correct how DevOps and Cloud have changed IT purchasing.
- A. Spending is dynamic
- B. Spending is static
- C. Finance has more visibility into purchasing than before with CAPEX funding
- D. Engineers have the power to spend company money with code
Answer: A,D
NEW QUESTION # 76
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