FINOPS EXAM QUESTIONS AND
ANSWERS 100% ACCURATE
True or False:
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. - ANSWER-true
In regards to the FinOps Maturity Model Guidelines which of the following statements
would be true regarding the Maturity Level Characteristics for 'Run':
a) measurements only provide insight into the benefits of maturing the capability
b) automation and/or processes cover most of the capability requirements
c) automation is not always the preferred approach
d) capability is understood and followed by all teams within the organization - ANSWER-
d) Capability is understood and followed by all teams within the organization
True or False:
FinOps is about saving money. - ANSWER-false
Which of the following statements would be correct about Weighted Average Cost of
Capital?
a)this rate is set by internal markets
b) this is the rate the company is expected to pay on average to all its employees to
finance the operation of the business
c) this is the rate the company is expected to pay on average to all its securities holders
to finance the operation of business
d) this rate is set by the shareholders - ANSWER-c) This is the rate the company is
expected to pay on average to all its securities holders to finance the operation of the
business.
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?
a) consulting costs
b) on demand instance
c) support and maintenance
d) storage costs - ANSWER-c) support and maintenance
_____________ or ____________is the foundation of telling apart workloads in the
cloud, identifying ownership, and attributing costs to teams.
,a) segmenting or labeling
b) labeling or segmenting
c) tagging or identifying
d) tagging or labeling - ANSWER-d) tagging or labeling
Which of the following terms are associated with Agile?
a) zones
b) rightsizing
c) subscriptions
d) sprint - ANSWER-d) sprint
Multiple Selection:
What would be some common names that could used for a FinOps team? (Select three)
a) cloud economics team
b) cloud support office
c) cloud center of excellence
d) cloud business office
e) chief info office - ANSWER-a) cloud economics team
c) cloud center of excellence
d) cloud business office
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? - ANSWER-data dictionary
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)?
a) Quickly bring new products and features to market with an accurate price point.
b) Deliver faster and high quality services to the organization, whilst maintaining
business as usual
c) Cloud platform relationship management
d) Leverage technology to give the business a market and competitive advantage -
ANSWER-d) Leverage technology to give the business a market and competitive
advantage
AWS provides what is called a 'Blended Rate' on its invoices. What is the blended rate
showing?
,a) Shows the variable rate for a group of resources with the variable attributes.
b) Shows the effective rate for a group of resources with different attributes.
c) Shows the effective rate for a group of resources with the same attributes.
d) Shows the variable rate for a group of resources with the same attributes. -
ANSWER-c) Shows the effective rate for a group of resources with the same attributes.
Multiple Selection : (Select two)
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?
a) cost explorer
b) commitment analysis
c) trusted advisor
d) recommender - ANSWER-b) commmitment analysis
d) recommender
what is the simple formula for cloud spending? - ANSWER-spend = usage X rate
Multiple Selection : Select all the correct options.
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?
a) labels
b) availability zones
c) namespaces
d) billing hierarchy - ANSWER-a) labels
c) namespaces
d) billing hierarchy
True or False:
In regards to cloud forecasting there is no one forecasting method that fits all situations.
- ANSWER-true
An Availability Zone in AWS is defined as?
a) a sub-unit of an aws account, there are typically multiple AZs per account
b) a sub-unit of a region, there are one AZ per region
c) a sub-unit of a region, there are typically multiple AZs per region
d) a sub-unit of POP, there are typically one AZ per POP - ANSWER-c) a sub-unit of a
region, there are typically multiple AZs per region
, Each major cloud provider labels the platforms 'allocation metadata' a specific way. How
does GCP name the allocation metadata? - ANSWER-labels and billing accounts
Multiple Selection :
Which of the following is true regarding teams working in FinOps organizations? (Select
two)
a) teams have different motivators that drive spend and savings
b) finance should lead the finops teams
c) all teams have a role to play in finops
d) finops is a decentralized structure and it should reflect in the teams - ANSWER-a)
teams have different motivators that drive spend and savings
c) all teams have a role to play in finops
Multiple Selection:(Select two)
Which of the following statements would be true regarding deploying Kubernetes
clusters concerning cost complexity?
a) average lifespan of a container being one day versus a typically much longer
utilization time for a VM
b) allocation costs in a container environment can provide less challenges than
traditional cloud environments
c) traditional approach to billing for managed kubernetes services is to charge per node
d) Generally organizations have multiple teams consuming portions of those underlying
container resources - ANSWER-a) average lifespan of a container being one day
versus a typically much longer utilization time for a VM
d) Generally organizations have multiple teams consuming portions of those underlying
container resources
Which stage in the FinOps Adoption Process would we be 'performing initial resourcing'
such as getting budget approval? - ANSWER-stage 1 - planning for finops is an
organization
what are the 6 domains of finops? - ANSWER-1) understanding cloud usage and cost
2) performance tracking and benchmarking
3) real-time decision making
4) cloud rate optimization
5) cloud usage optimization
6) organizational alignment
Multiple Selection:(Select four)
Which of the following are considered goals of the FinOps journey?
a) visibility
b) SLOs
c) benchmarking
ANSWERS 100% ACCURATE
True or False:
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. - ANSWER-true
In regards to the FinOps Maturity Model Guidelines which of the following statements
would be true regarding the Maturity Level Characteristics for 'Run':
a) measurements only provide insight into the benefits of maturing the capability
b) automation and/or processes cover most of the capability requirements
c) automation is not always the preferred approach
d) capability is understood and followed by all teams within the organization - ANSWER-
d) Capability is understood and followed by all teams within the organization
True or False:
FinOps is about saving money. - ANSWER-false
Which of the following statements would be correct about Weighted Average Cost of
Capital?
a)this rate is set by internal markets
b) this is the rate the company is expected to pay on average to all its employees to
finance the operation of the business
c) this is the rate the company is expected to pay on average to all its securities holders
to finance the operation of business
d) this rate is set by the shareholders - ANSWER-c) This is the rate the company is
expected to pay on average to all its securities holders to finance the operation of the
business.
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?
a) consulting costs
b) on demand instance
c) support and maintenance
d) storage costs - ANSWER-c) support and maintenance
_____________ or ____________is the foundation of telling apart workloads in the
cloud, identifying ownership, and attributing costs to teams.
,a) segmenting or labeling
b) labeling or segmenting
c) tagging or identifying
d) tagging or labeling - ANSWER-d) tagging or labeling
Which of the following terms are associated with Agile?
a) zones
b) rightsizing
c) subscriptions
d) sprint - ANSWER-d) sprint
Multiple Selection:
What would be some common names that could used for a FinOps team? (Select three)
a) cloud economics team
b) cloud support office
c) cloud center of excellence
d) cloud business office
e) chief info office - ANSWER-a) cloud economics team
c) cloud center of excellence
d) cloud business office
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? - ANSWER-data dictionary
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)?
a) Quickly bring new products and features to market with an accurate price point.
b) Deliver faster and high quality services to the organization, whilst maintaining
business as usual
c) Cloud platform relationship management
d) Leverage technology to give the business a market and competitive advantage -
ANSWER-d) Leverage technology to give the business a market and competitive
advantage
AWS provides what is called a 'Blended Rate' on its invoices. What is the blended rate
showing?
,a) Shows the variable rate for a group of resources with the variable attributes.
b) Shows the effective rate for a group of resources with different attributes.
c) Shows the effective rate for a group of resources with the same attributes.
d) Shows the variable rate for a group of resources with the same attributes. -
ANSWER-c) Shows the effective rate for a group of resources with the same attributes.
Multiple Selection : (Select two)
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?
a) cost explorer
b) commitment analysis
c) trusted advisor
d) recommender - ANSWER-b) commmitment analysis
d) recommender
what is the simple formula for cloud spending? - ANSWER-spend = usage X rate
Multiple Selection : Select all the correct options.
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?
a) labels
b) availability zones
c) namespaces
d) billing hierarchy - ANSWER-a) labels
c) namespaces
d) billing hierarchy
True or False:
In regards to cloud forecasting there is no one forecasting method that fits all situations.
- ANSWER-true
An Availability Zone in AWS is defined as?
a) a sub-unit of an aws account, there are typically multiple AZs per account
b) a sub-unit of a region, there are one AZ per region
c) a sub-unit of a region, there are typically multiple AZs per region
d) a sub-unit of POP, there are typically one AZ per POP - ANSWER-c) a sub-unit of a
region, there are typically multiple AZs per region
, Each major cloud provider labels the platforms 'allocation metadata' a specific way. How
does GCP name the allocation metadata? - ANSWER-labels and billing accounts
Multiple Selection :
Which of the following is true regarding teams working in FinOps organizations? (Select
two)
a) teams have different motivators that drive spend and savings
b) finance should lead the finops teams
c) all teams have a role to play in finops
d) finops is a decentralized structure and it should reflect in the teams - ANSWER-a)
teams have different motivators that drive spend and savings
c) all teams have a role to play in finops
Multiple Selection:(Select two)
Which of the following statements would be true regarding deploying Kubernetes
clusters concerning cost complexity?
a) average lifespan of a container being one day versus a typically much longer
utilization time for a VM
b) allocation costs in a container environment can provide less challenges than
traditional cloud environments
c) traditional approach to billing for managed kubernetes services is to charge per node
d) Generally organizations have multiple teams consuming portions of those underlying
container resources - ANSWER-a) average lifespan of a container being one day
versus a typically much longer utilization time for a VM
d) Generally organizations have multiple teams consuming portions of those underlying
container resources
Which stage in the FinOps Adoption Process would we be 'performing initial resourcing'
such as getting budget approval? - ANSWER-stage 1 - planning for finops is an
organization
what are the 6 domains of finops? - ANSWER-1) understanding cloud usage and cost
2) performance tracking and benchmarking
3) real-time decision making
4) cloud rate optimization
5) cloud usage optimization
6) organizational alignment
Multiple Selection:(Select four)
Which of the following are considered goals of the FinOps journey?
a) visibility
b) SLOs
c) benchmarking
