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Exam Code: FOCP
Exam Name: FinOps Certified Practitioner
Updated: May 29, 2026
Q & A: 130 Questions and Answers
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1. 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)
A) Operational Expenditure (OPEX)
B) Costs of Goods Sold (COGS)
C) Capital Expenditure (CAPEX)
D) Weighted Average Cost of Capital (WACC)
2. What are the phases of the FinOps lifecycle?
A) Inform, Optimize, Operate
B) Budget, Hybrid, Cloud
C) Quality, Speed, Cost
D) Persona, Principle, Capability
3. 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) Industry peer-level benchmarking determines how your company is performing
C) Internal team benchmarking drives best practices and celebrates wins
D) Rightsizing instances and services help drive appropriate resourcing levels
E) Track team-level targets to drive accountability
4. 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)
A) Enforcing mandates for cloud spend.
B) Socializing FinOps for adoption in an organization
C) Preparing the organization for FinOps
D) Planning for FinOps in an Organization
5. 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)
A) Capitalization
B) CAPEX
C) Depreciation
D) Cost Allocation
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A,B,C | Question # 4 Answer: B | Question # 5 Answer: D |
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