AWS AWS Cost Management 1

Question 1

What is AWS Cost Explorer used for?

Accepted Answer

Visualizing, understanding, and managing AWS spending patterns over time

Answer

Exploring new AWS services

Answer

Browsing the AWS Marketplace

Answer

Managing S3 bucket permissions

Question 2

What are AWS Savings Plans?

Accepted Answer

Flexible pricing models offering significant discounts in exchange for a consistent usage commitment

Answer

Free tier services that never expire

Answer

Coupons for AWS training courses

Answer

Discount codes for AWS certifications

Question 3

What is the difference between Reserved Instances and Spot Instances?

Accepted Answer

Reserved provide discounts for committed usage; Spot offer deep discounts on unused capacity that can be interrupted

Answer

Reserved are more expensive than On-Demand

Answer

Spot instances are guaranteed to run continuously

Answer

There is no price difference between them

Question 4

What is AWS Budgets and how does it help with cost management?

Accepted Answer

A service to set custom spending thresholds and receive alerts when costs exceed or are forecasted to exceed budgets

Answer

A financial planning tool for business strategy

Answer

A service that automatically reduces AWS spending

Answer

A tool for creating AWS billing invoices

Question 5

What is the AWS Well-Architected Framework's cost optimization pillar?

Accepted Answer

A set of best practices for running systems that deliver business value at the lowest cost

Answer

A framework for finding the cheapest AWS region

Answer

A discount program for well-designed architectures

Answer

A certification program for cost analysts

Question 6

What is the purpose of AWS Trusted Advisor cost optimization checks?

Accepted Answer

To identify idle resources, underutilized instances, and opportunities to save money

Answer

To verify that AWS services are functioning correctly

Answer

To recommend architectural changes for performance

Answer

To check for security vulnerabilities only