EMT Practice Test

1. Question Content...

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Question1: Which of the following statements would be correct about Weighted Average Cost of Capital? (Select One)

Question2: FinOps Principles gives us what are called___________________to help guide our activities in FinOps. (Select One)

Question3: Which of the following would be the correct description of what a 'cluster' is in Kubernetes? (Select One)

Question4: 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)

Question5: In the world of FinOps the process of spreading out shared costs is iterative, and evolves over time. (True or False)

Question6: __________ is critical to making the FinOps team successful.

Question7: __________ measures how many dollars of outlay it takes to generate revenue in a specific period.

Question8: 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 the Engineering Lead? (Select One)

Question9: What is a FinOps leader responsible for?

Question10: What service on AWS would use to download and store the Cost and Usage report on so you can query it? (Select One)

Question11: When comparing TBM and FinOps, which one would focus on results mainly on speed? (Select One)

Question12: ______________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)

Question13: Advocating for new practices and driving common education across the organization are good reasons to have a __________ FinOps team.

Question14: Which of the following a native tool in AWS that we would use in our FinOps exercises to understand costing issues, get recommendations, etc.

Question15: Your FinOps leader and mentor has reached out to you to find out more about Azure Capabilities.
What tool in Azure would you use to implement enforcement of Tagging on Azure? (Select One)

Question16: What are the phases of the FinOps lifecycle?

Question17: A key role toward building FinOps adoption is the Driver? (True or False)

Question18: Which of these describes the primary goal/motivation of the Product Owner persona?

Question19: In which domain do we work to understand cultural change within the organization and establish a FinOps culture?

Question20: We can reduce overall cost by reducing resource usage (removing or only running a resource when we need it). This best describes __________.

Question21: Your currently adopting FinOps in your organization and are in Stage 1 - Planning for FinOps in an organization.
Which of the following two exercises would be understand Stage 1? (Select Two)

Question22: This domain includes the capabilities that look at past and current spend, set baselines and budgets, and then forecast spend.

Question23: 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)

Question24: Which of the following are the FinOps sponsored Maturity Assessment Model steps/phases? (Select Three)

Question25: Which stage in the FinOps Adoption Process would we be 'performing initial resourcing' such as getting budget approval?

Question26: This term describes the amount of a commitment-based discount that went unused for a given time frame.

Question27: When do you reach the end of the FinOps lifecycle?

Question28: User
Which team typically manages the technical aspects of cloud adoption?

Question29: In which phase of the FinOps lifecycle would the FinOps team execute the purchase of a commitment based discount determined to meet the threshold of their commitment purchasing metric?

Question30: 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?

Question31: FinOps is about saving money. (True or False)

Question32: 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)

Question33: 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? (Select Two)

Question34: Under the FinOps Principles are 6 activities.
Which activities would fit under ' Decisions are driven by business value of cloud'? (Select Three)

Question35: 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? (Select One)

Question36: 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 the procurement business unit? (Select One)

Question37: 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)

Question38: Which statement is true about commitment based discounts?

Question39: 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)

Question40: Which of the following would be the 'primary advantages' of using cloud over on premises services? (Select Two)

Question41: Showback reports are given to the accounting system and applied against an official budget.

Question42: 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)

Question43: 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)

Question44: 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)

Question45: What is the name of the file format used in AWS Cost and Usage reports? (Select One)

Question46: When does the FinOps team gather data for optimization opportunities?

Question47: Within the new cloud reality for IT, spending is typically defined as __________.

Question48: Should the FinOps team be a gatekeeper to cloud spending? (Select One)

Question49: Which FinOps process is typically associated with the Inform phase?

Question50: Which of the following terms are associated with Agile? (Select Two)

Question51: 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)

Question52: Which of these is a key responsibility that should be centralized in FinOps?

Question53: In FinOps decisions are driven by the business value of the cloud? True or False?

Question54: Which of the following methods would we use if we wanted to ensure 'a user defined coefficient'? (Select One)

Question55: Please refer to the graphic of the Phases of the FinOps Lifecycle for this question What is the correct order of the FinOps Lifecycle phases? Please replace 1,2,3 with correct sequence (Select One)