Linux Foundation FOCP : FinOps Certified Practitioner

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Linux Foundation FinOps Certified Practitioner Sample Questions:

1. Under the FinOps Principles are 6 activities.
Which activities would fit under ' Decisions are driven by business value of cloud'? (Select Three)

A) Trending and variance analysis helps to understand why costs increased
B) Rightsizing instances and services help drive appropriate resourcing levels
C) Industry peer-level benchmarking determines how your company is performing
D) Internal team benchmarking drives best practices and celebrates wins
E) Track team-level targets to drive accountability

2. 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) Only use cloud provider tools since they are based solely on the cloud platform.
C) Tagging and cost allocation can provide insight into resource spending.
D) Cloud forecasting is best used in organizations that are not centralized.
E) Use communications to relay that forecasting is being used for decision making.

3. Which of the following would be the most direct description of what FinOps is about? (Select One)

A) FinOps brings administrative accountability to the variable spend model of cloud.
B) FinOps is about both finance and creating savings in the world of cloud computing.
C) FinOps brings financial accountability to the variable spend model of cloud.
D) FinOps is about both culture and creating savings in the world of cloud computing.

4. In regards to cloud forecasting there is no one forecasting method that fits all situations.(True/False)

A) True
B) False

5. 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 is the rate the company is expected to pay on average to all its employees to finance the operation of the business.
C) This rate is set by the shareholders
D) This rate is set by the internal markets

Solutions: