[Nov 11, 2023] FOCP Exam Brain Dumps – Study Notes and Theory [Q24-Q38]

NEW QUESTION 24
Which of the following methods would we use if we wanted to ensure ‘a user defined coefficient’? (Select One)

NEW QUESTION 25
Which of the following is true regarding teams working in FinOps organizations? (Select Two)

NEW QUESTION 26
Each major cloud provider labels the platforms ‘allocation metadata’ a specific way.
How does GCP name the allocation metadata? (Select One)

NEW QUESTION 27
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 Engineering Lead? (Select One)

NEW QUESTION 28
FinOps is about saving money. (True or False)

NEW QUESTION 29
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)

NEW QUESTION 30
Which of the following are not considered goals of the FinOps journey? (Select Two)

NEW QUESTION 31
The CFO has just approached the FinOps team members and requested that all costs that are being submitted and analyzed should be amortized. The CFO also requested that the costs be allocated to each business unit. Would this be a best practice? (True or False)

NEW QUESTION 32
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 a Chief Technology Officer (CTO)? (Select One)

NEW QUESTION 33
Which of the following statements would be true regarding a FinOps practice? (Select One)

NEW QUESTION 34
In Cloud Computing some costs can be considered fixed and some are variable.
Which of the following costs would generally a fixed costs, meaning predictable monthly or annual costs? (Select One)

NEW QUESTION 35
When comparing TBM and FinOps, which one would focus on results mainly on speed? (Select One)

NEW QUESTION 36
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)

NEW QUESTION 37
Under the FinOps Principles are 6 activities.
Which activities would fit under ‘ Decisions are driven by business value of cloud’? (Select Three)

NEW QUESTION 38
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)