EMT Practice Test

1. Question Content...

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Question1: 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)

Question2: 'IT Asset Management' would be under what domain according to the FinOps Foundation? (Select One)

Question3: Your currently working with the head of finance to understand how to identify specific cloud usage to specific business units.
What would we use to account for costs for each business units and then debit the business unit for the cloud usage?

Question4: Which of the following is the best definition of a Kubernetes Pod? (Select One)

Question5: AWS provides what is called a 'Blended Rate' on its invoices.
What is the blended rate showing? (Select One)

Question6: FinOps Practitioners use ___________________________ to provide insight into how well an organization is doing with cloud spend. (Select One)

Question7: When rightsizing your containers which of following would be focused on responding dynamically to different conditions? (Select One)

Question8: In regards to cloud forecasting there is no one forecasting method that fits all situations.(True/False)

Question9: 'Manage Commitment Based Discounts' would be under what domain according to the FinOps Foundation? (Select One)

Question10: 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.

Question11: In the world of FinOps the process of spreading out shared costs is iterative, and evolves over time. (True or False)

Question12: 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)

Question13: According to the FinOps Foundation there are very specific roles/personas. For the role of a product owner what would be the 'Primary Goal'? (Select One)

Question14: When a resource charge is discounted by a reservation what would that usage be called? (Select One)

Question15: Your organization has recently adopted a FinOps based method for dealing with cloud costs and adopting FinOps. Currently, your organization has recently completed 'Step Two' for FinOps culture in your company.
What would the next stage for the organization to accomplish? (Select One)

Question16: FinOps Principles gives us what are called___________________to help guide our activities in FinOps. (Select One)

Question17: Each major cloud provider labels the platforms 'allocation metadata' a specific way.
How does AWS name the allocation metadata? (Select One)

Question18: Each major cloud provider labels the platforms 'allocation metadata' a specific way.
How does GCP name the allocation metadata? (Select One)

Question19: In FinOps decisions are driven by the business value of the cloud? True or False?

Question20: Which of the following are the three ways that we would be able to split up shared costs? (Select Three)

Question21: In regards to the FinOps Maturity Model Guidelines which of the following statements would be true regarding the Maturity Level Characteristics for 'Run'. (Select One)

Question22: _____________ or ____________is the foundation of telling apart workloads in the cloud, identifying ownership, and attributing costs to teams. (Select One)

Question23: What is FinOps really about at its fundamental level? (Select One)

Question24: 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? (Select Three)

Question25: A key role toward building FinOps adoption is the Driver? (True or False)

Question26: 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 Executive Officer (CEO)? (Select One)

Question27: What is the primary goal of a FinOps Practitioner in an organization? (Select One)

Question28: 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)

Question29: 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)

Question30: One of the reasons that managing Kubernetes costs in the cloud can be challenging is that the average lifespan of a container is one day. (True or False)

Question31: Which of the following statements would be true regarding a FinOps practice? (Select One)

Question32: What term is used to describe the ability to identify and allocate costs to the appropriate cost categories in use by a customer? (Select One)

Question33: Which of the following statements would be correct about Weighted Average Cost of Capital? (Select One)

Question34: 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)

Question35: Your business unit has decided to use AWS for its cloud services for production. Other business units have been AWS for both development and production use cases. You have been asked to provide tools in AWS that can provide recommendations for reducing costs and getting insight into better ways of resource management.
What tools in AWS could you identify? (Select Two)