Cloud Cost Management: Strategies for Optimizing Cloud Costs

Question 1

Which of the following is NOT a recommended strategy for optimizing cloud costs?

Accepted Answer

Increasing the number of cloud resources without consideration

Answer

Rightsizing cloud resources

Answer

Implementing autoscaling

Answer

Utilizing reserved instances

Question 2

Which of the following cloud pricing models involves paying only for the resources consumed?

Accepted Answer

Pay-as-you-go

Answer

Flat rate

Answer

Subscription

Answer

Per-minute billing

Question 3

Which of the following is NOT an advantage of using cloud cost management tools?

Accepted Answer

Guaranteed cost savings

Answer

Increased visibility into cloud expenses

Answer

Automated cost alerts

Answer

Reduced manual workload

Question 4

What is the primary purpose of establishing a cloud budget?

Accepted Answer

To set limits and track actual cloud spending

Answer

To predict future cloud usage patterns

Answer

To identify opportunities for cost optimization

Answer

To manage cloud resources effectively

Question 5

Which of the following tools is primarily designed for optimizing cloud costs?

Accepted Answer

Cloud cost analyzers

Answer

Instance performance monitoring tools

Answer

Resource utilization monitoring tools

Answer

Network traffic management tools

Question 6

What is the primary distinction between a cloud cost optimizer and a cloud cost analyzer?

Accepted Answer

Cost optimizers provide actionable recommendations, while cost analyzers only report historical cost data.

Answer

Cost analyzers are real-time tools, while cost optimizers provide insights based on historical data.

Answer

Cost optimizers are tailored to specific workloads, while cost analyzers have a broader scope.

Answer

There is no significant difference between these two tools.

Question 7

Which of the following strategies is recommended for optimizing cloud costs?

Accepted Answer

Utilizing spot instances for non-critical workloads

Answer

Overprovisioning resources to ensure availability

Answer

Ignoring cost optimization altogether to focus on other priorities

Answer

Leaving idle resources running continuously to avoid downtime

Question 8

What is the primary purpose of establishing a cloud budget?

Accepted Answer

To set spending limits, track actual expenses, and identify potential overages

Answer

To forecast future cloud usage and costs

Answer

To allocate funds to different cloud services based on usage

Answer

To automate cost optimization tasks and eliminate the need for manual intervention

Question 9

Which cloud cost model charges users solely for the resources they consume?

Accepted Answer

Pay-as-you-go

Answer

Subscription-based

Answer

Flat-rate

Answer

On-demand

Question 10

Which metric is commonly used to monitor cloud resource utilization and identify areas for cost savings?

Accepted Answer

Capacity utilization

Answer

CPU time

Answer

Network throughput

Answer

Memory consumption

Question 11

Which of the following tools is specifically designed to analyze cloud costs and provide recommendations for optimization?

Accepted Answer

Cloud cost optimization tools

Answer

Cloud monitoring tools

Answer

Network performance monitoring tools

Answer

Security scanners

Question 12

What is the primary advantage of implementing cloud cost management best practices?

Accepted Answer

Significant reduction in cloud expenses and improved cost visibility

Answer

Enhanced cloud performance and reduced latency

Answer

Improved cloud security and reduced risk of data breaches

Answer

Increased cloud scalability and flexibility

Question 13

Which of the following is a crucial step in the cloud cost management lifecycle?

Accepted Answer

Cost planning and forecasting

Answer

Resource provisioning and configuration

Answer

Application deployment and migration

Answer

Data backup and disaster recovery

Question 14

What is the goal of rightsizing cloud resources?

Accepted Answer

To optimize resource utilization, reduce waste, and minimize costs

Answer

To ensure that resources are always available to meet peak demand

Answer

To improve cloud performance by reducing latency

Answer

To enhance cloud security by isolating workloads

Question 15

Which strategy can be effective in negotiating with cloud providers to reduce costs?

Accepted Answer

Requesting custom pricing based on usage patterns and volume

Answer

Threatening to terminate services and move to a competitor

Answer

Accepting long-term contracts with fixed pricing, regardless of usage

Answer

Ignoring cost optimization altogether and focusing on other priorities

Question 16

Which of the following is NOT a primary benefit of using monitoring tools for cloud cost management?

Accepted Answer

Optimizing resource utilization

Answer

Identifying cost anomalies

Answer

Forecasting future costs

Question 17

What is the primary goal of cloud cost budgeting?

Accepted Answer

Setting financial limits, tracking expenses, and preventing overspending

Answer

Monitoring resource usage patterns

Answer

Identifying areas for cost optimization

Question 18

Which metric is least relevant when monitoring cloud costs?

Accepted Answer

Average response time

Answer

Network bandwidth utilization

Answer

Compute usage

Answer

Storage consumption

Question 19

What is the importance of tags in cloud cost management?

Accepted Answer

Classifying and organizing cloud resources for effective cost tracking

Answer

Managing permissions and access control

Answer

Monitoring the performance of cloud services

Question 20

Which action does NOT represent a best practice for managing cloud costs?

Accepted Answer

Ignoring the cost implications of new projects or features

Answer

Negotiating discounts with cloud providers

Answer

Regularly reviewing and optimizing cloud usage

Question 21

What is the purpose of a cloud cost governance framework?

Accepted Answer

Establishing policies and procedures for guiding and controlling cloud spending

Answer

Monitoring and reporting on cloud costs

Answer

Optimizing cloud resource utilization

Question 22

Which of the following can be a consequence of poor cloud cost management?

Accepted Answer

Unforeseen budget overruns and financial penalties

Answer

Improved application performance

Answer

Increased customer satisfaction