CompTIA Cloud+ Practice Test

What statement defines chargeback?

1. The recovery of costs from consumers of cloud services

2. The process of identifying costs and assigning them to specific cost categories

3. A method of ensuring that cloud computing becomes a profit instead of a cost

4. A system for confirming that billing occurs for the cloud services being used

The correct answer is: The recovery of costs from consumers of cloud services

Chargeback refers to the practice of recovering costs from consumers of cloud services, meaning that organizations allocate and charge individuals or departments for the cloud resources they consume. This process allows businesses to track which parts of the organization are incurring cloud-related expenses, enabling better budget management and accountability. By employing chargeback, organizations can promote responsible usage of resources and create awareness among users regarding the costs associated with their cloud activities. The other choices provide relevant concepts in cloud financial management but do not define chargeback specifically. Identifying costs and assigning them to categories is part of financial management but does not directly relate to the concept of chargeback. Ensuring that cloud computing generates profit focuses more on overall profitability rather than specifically on the recovery of costs through chargeback mechanisms. Lastly, confirming billing could be related to ensuring accurate invoicing but does not encompass the broader economic implications and accountability outlined in chargeback practices.