A Solutions Architect Is Working with a Company That Is

question 580

Multiple Choice

A Solutions Architect is working with a company that is extremely sensitive to its IT costs and wishes to implement controls that will result in a predictable AWS spend each month. Which combination of steps can help the company control and monitor its monthly AWS usage to achieve a cost that is as close as possible to the target amount? (Choose three.)

• A) Implement an IAM policy that requires users to specify a 'workload' tag for cost allocation when launching Amazon EC2 instances.
• B) Contact AWS Support and ask that they apply limits to the account so that users are not able to launch more than a certain number of instance types.
• C) Purchase all upfront Reserved Instances that cover 100% of the account's expected Amazon EC2 usage.
• D) Place conditions in the users' IAM policies that limit the number of instances they are able to launch.
• E) Define 'workload' as a cost allocation tag in the AWS Billing and Cost Management console.
• F) Set up AWS Budgets to alert and notify when a given workload is expected to exceed a defined cost.

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Definitions:

Single Price

A market condition where a good or service is sold at the same price to all customers, regardless of purchase quantity or location.

Nondiscriminating Monopolist

A monopolist that charges the same price to all customers, as opposed to engaging in price discrimination where different prices are charged to different customers.

Natural Monopoly

A market condition where due to high fixed or startup costs, a single firm can supply a good or service to an entire market at a lower cost than multiple companies.

Network Effects

Increases in the value of a product to each user, including existing users, as the total number of users rises.