Latest [Oct 14, 2023] FOCP Exam Questions – Valid FOCP Dumps Pdf [Q34-Q50] : Free Exam Dumps Collection : http://free.examcollectionpass.com

NO.34 Which of the following methods would we use if we wanted to ensure ‘a user defined coefficient’? (Select One)

Fixed

Proportional

Even Split

Indirect

NO.35 Which of the following is true regarding teams working in FinOps organizations? (Select Two)

Teams have different motivators that drive spend and savings.

Finance should lead the FinOps Teams.

All teams have a role to play in FinOps.

FinOps is a decentralized structure and it should reflect in the teams.

NO.36 FinOps Principles gives us what are called___________________to help guide our activities in FinOps. (Select One)

North Pole

Guiding Lights

Auroras

North Stars

NO.37 Which of the following statements would be true regarding a FinOps practice? (Select One)

At its core, FinOps is a business practice.

At its core, FinOps is a cultural practice.

At its core, FinOps is both a cultural and business practice.

At its core, FinOps is a DevOps practice.

NO.38 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)

Rightsizing instances and services help drive appropriate resourcing levels

Fast feedback loops result in more efficient behavior

Define governance and controls for cloud usage

Gain visibility into cloud spend at all levels

NO.39 What service on AWS would use to download and store the Cost and Usage report on so you can query it? (Select One)

Redshift

Athena

RDS

NO.40 You have been asked to assemble the first FinOps team for your company.
What would be two factors you must consider when organizing your team? (Select Two)

Cloud provider billing models

Complexity of the Cloud usage

Location of your team members

Complexity of your organization

NO.41 What would be some common names that could used for a FinOps team? (Select Three)

Cloud Economics Team

Cloud Support Office

Cloud Center of Excellence

Cloud Business Office

Chief Information Office

NO.42 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.43 FinOps Principles are north stars that guide the activities of our FinOps practice. They’re developed by FinOps Foundation members, and honed through experience.
When it comes to the FinOps principle of ‘A centralized team drives FinOps’ which of the following statements would be true? (Select Two)

Centralized discount buying process removes rate negotiations from engineering team consideration

Centrally govern and control Committed Use Discounts, Reserved Instances, and Volume/Custom Discounts with Cloud Providers

Track team-level targets to drive accountability

Never use granular allocation of all costs, direct or shared, to the teams and cost centers responsible for them

NO.44 FinOps as we likely learned requires a culture shift in how our organization addresses cloud spend.
Which of the following would be a true statement regarding the decision making in a FinOps organization? (Select One)

The Cloud Cost Center of Excellence (CCoE) makes all decisions around cloud spending

FinOps processes enable these teams to operate at high velocity while improving the profits of the company.

Centralized decision making coupled with the move to variable spending in cloud allows technology teams to efficiently partner with finance and business teams to make informed decisions that drive continual optimization.

Distributed decision making coupled with the move to variable spending in cloud allows technology teams to efficiently partner with finance and business teams to make informed decisions that drive continual optimization.

NO.45 ______________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.46 A key role toward building FinOps adoption is the Driver? (True or False)

False

True

NO.47 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.48 In the Inform Stage of the FinOps cycle which of the following would be true regarding. (Select One)

Using the data from the Inform stage will enable FinOps teams to balance operational requirements with the best financial options to improve their overall cloud operations.

The IT, finance, and business departments rely on timely and relevant data to create customized FinOps frameworks and processes.

The Finance team will evaluate FinOps team performance over a quarterly basis.

The Finance team will evaluate FinOps team practices in the context of meeting business objectives.

NO.49 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.50 When rightsizing your containers which of following would be focused on responding dynamically to different conditions? (Select One)

Autoscaling

Load Balancing

Cluster Rightsizing

Node Rightsizing