Get 2024 Free Linux Foundation FOCP Exam Practice Materials Collection [Q33-Q54]

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Get 2024 Free Linux Foundation FOCP Exam Practice Materials Collection

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The FOCP certification exam is a globally recognized program that provides professionals with a competitive edge in the job market. Professionals who pass the FOCP certification exam can demonstrate their expertise in cloud financial management, which is a critical skill in today’s digital age. FinOps Certified Practitioner certification program is designed to help individuals gain the knowledge and skills needed to succeed in cloud-based environments. It provides a comprehensive understanding of cloud financial management principles and equips professionals with the tools and techniques needed to optimize their organization’s cloud spending.

QUESTION 33
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

QUESTION 34
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

QUESTION 35
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)

QUESTION 36
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.

Finance has more visibility into purchasing than before with CAPEX funding

Spending is static

Engineers have the power to spend company money with code

Spending is dynamic

QUESTION 37
Each of the cloud providers have tools that can help FinOps professionals specifically in that cloud platform. You have been working with AWS for over 1 year. You know would like to go back and view the billing reports but also perform a detailed report for BI analysis.
What AWS service could you use? (Select One)

AWS Billing Analysis

AWS Cost Explorer

AWS CloudWatch

AWS Quick Sight

QUESTION 38
Which of the following roles/personas would be responsible for ‘Rate Negations’ with a cloud provider? (Select One)

Procurement

Engineering

Office of the CFO

IT Finance Manager

QUESTION 39
What is the model of constraints that is used in project management called? (Select One)

Cloud Management Model

Resource Triangle

Project Model

Iron Triangle

QUESTION 40
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. (True or False)

False

True

QUESTION 41
Which of the following would be considered a ‘measure of success’ for a FinOps based organization? (Select Two)

The cloud cost reporting ecosystem becomes a fundamental aspect of the IT department

FinOps team can define desired level of training requirements

Overall Tagging Compliance is 90% or above

Overall Tagging Compliance is 70% or above

QUESTION 42
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

QUESTION 43
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

QUESTION 44
AWS has a wealth of FinOps capabilities that we could use as an AWS user.
Which of the following AWS Services would we use to track costs and usage and send alerts when a threshold is exceeded? (Select One)

AWS Cost Explorer

AWS Budgets

EC2 Cost Optimizer

AWS Anomaly Detection

QUESTION 45
What is Technology Business Management (TBM)? (Select One)

TBM is a value management framework for decision making.

TBM is an engineering framework used for FinOps

TBM is a value management framework for cost management

TBM is a cost management framework for accountants

QUESTION 46
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.

QUESTION 47
How has cloud computing impacted enterprise financial operations? (Select Two)

Change from a fixed spending model to a variable spending model

Utilization of an OPEX based procurement

Change from a variable spending model to a fixed spending model

Utilization of CAPEX based procurement

QUESTION 48
Which of the following a native tool in AWS that we would use in our FinOps exercises to understand costing issues, get recommendations, etc.

Cost and Usage Reports

Cost Explorer

Trusted Advisor

QUESTION 49
Which of the following is the best definition of a Kubernetes Pod? (Select One)

A pod consists of a group of nodes and treats them as multiple blocks of resources that can be scheduled and scaled on the nodes.

A pod consists of a group of nodes and treats them as a single block of resources that can be scheduled and scaled on the cluster.

A pod consists of a group of containers and treats them as a single block of resources that can be scheduled and scaled on the cluster.

A pod consists of a group of containers and treats them as multiple blocks of resources that can be scheduled and scaled on the nodes.

QUESTION 50
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

QUESTION 51
Which of the following methods would we use if we wanted to ensure ‘a user defined coefficient’? (Select One)

Fixed

Proportional

Even Split

Indirect

QUESTION 52
What is the primary goal of a FinOps Practitioner in an organization? (Select One)

Drive best practices into the organization through cost cutting, standardization, and cheerleading

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

Drive best practices into the organization through education, optimization and documentation.

Drive best practices into the organization through cost cutting, strict management and data disbursement.

QUESTION 53
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

QUESTION 54
FinOps Principles gives us what are called___________________to help guide our activities in FinOps. (Select One)

North Pole

Guiding Lights

Auroras

North Stars

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The FOCP certification exam is a comprehensive exam that covers all the topics and skills needed to become a FinOps practitioner. FOCP exam consists of 60 multiple-choice questions and has a time limit of 90 minutes. FOCP exam is designed to test the candidate’s knowledge of FinOps principles and practices, including cloud financial management, cost optimization, and budgeting.

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