Explanation:
The Inform Phase of the FinOps journey is about understanding the current state of your system. Due to the on-demand and elastic nature of access to cloud resources, along with variable pricing structures, it is critical to have access to timely and accurate system metrics to make appropriate, informed decisions. In this phase there are five primary goals: Visibility
Allocation
Benchmarking
Budgeting
Forecasting
Please review this page before the exam https://www.finops.org/framework/phases/

Explanation:
The next step after Stage 1 - Planning for FinOps in an Organization (Laying the groundwork) is the Stage 2 - Socializing FinOps for adoption in an organization Please reference this page before the exam. Adopting FinOps

Explanation:
When a resource charge is discounted by a reservation, you call it covered. The usage is being covered by the reservation, and the result is a lower rate of charge.

Explanation:
There are a number of terms for Kubernetes that we need to be aware for the exam. It can be challenging at first to confuse a cluster, pod, service, image, namespace, etc. Please review the table here Container Costs

Explanation:
There are six specific domains in FinOps according to the FinOps Foundation. We will want to be able to understand what topics are covered by each domain. The FinOps Foundation has put out an excellent downloadable poster that we should use as a study aid. https://www.finops.org/img//resources/FinOps%20Poster_011021.pdf