Knowledge Check: Managing Your Billing Account

Knowledge Check: Managing Your Billing Account

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1.

In the context of an Enterprise company, resources should be managed under which top-level node in the resource hierarchy? Select the correct answer.

Folders

checkOrganization

Buckets

Payments profile

That's correct! Once a Billing Account is set up for an organization, resources should be managed centrally at the Organization level.

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2.

What is the function of the Payments Profile? Select the correct answer.

A GCP-level resource that sits within a Domain and is linked to the Billing Account.

To store the monthly invoices.

Used by Billing Account Admins to make monthly payments to Google.

checkA Google-level resource that sits outside of Google Cloud, linked to the Billing Account, and used to manage payment details for several Google Enterprise services.

That’s correct! It sits outside of your Google Cloud environment and is linked to the Billing Account.

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3.

In the context of Google Cloud Platform, which of the following best describes a resource? Select the correct answer.

Budget you’d need to pay for services consumed.

Analytics capabilities for sorting through large volumes of data.

checkAny Google Cloud Platform service, such as Compute Engine or BigQuery.

Individual users assigned to a project.

That's correct! A resource is any GCP service.

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4.

Billing Account Users can see budget spend, unlink projects, and enable billing export.

True

checkFalse

That’s correct! Billing account users can view budget spend, where applicable, and link projects to Billing Accounts, but only a Billing Account Admin can unlink projects associated to a Billing Account and enable billing export.

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5.

To ensure a reasonable level of redundancy for your billing account, which best practices should you consider following? Select the two correct answers.

checkRegularly check that there are at least 2 active Billing Account Admins assigned to a Billing Account.

That’s correct! Ensure that you have a minimum of 2 active Billing Account Admins at all times assigned individually or as part of a Google group.

Back up or archive past invoice files.

Choose multiple currencies for your billing account.

checkGrant Billing Admin roles to a Google group or, at a minimum, to two individual Billing Account Admins.

That’s correct! Ensure that you have a minimum of 2 active Billing Account Admins at all times assigned individually or as part of a Google group.

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6.

Once a Billing Account is created for an organization, when a user creates a project, ownership of the project is automatically assigned to the individual user.

True

checkFalse

That’s correct! Projects default to an Organization to allow for central management of resources.

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7.

How many currencies can a single Billing Account be associated with? Select the correct answer.

2

up to 5

as many as needed

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That’s correct! Each Billing Account uses a single currency.

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8.

It is recommended that you set up only one Billing Account for your organization. In which two cases might you need more than one Billing Account? Select the two correct answers.

checkTo pay invoices in multiple currencies.

That’s correct! Splitting charges for legal reasons or if you’re using multiple currencies are a couple reasons you might choose to have more than one billing account.

To match your organization’s team structure.

To separate costs by project type.

To separate costs by resource type.

checkTo split GCP charges for legal or accounting reasons.

That’s correct! Splitting charges for legal reasons or if you’re using multiple currencies are a couple reasons you might choose to have more than one billing account.

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9.

To ensure that Billing Account Admins have access to all of your organization’s billing data in the future for performing deeper data analysis, what task must they complete immediately after setting up a billing account? Select the correct answer.

Hire a Financial Analyst

Set billing data permissions

Download a CSV file daily

checkEnable BigQuery export

That’s correct! Enabling BigQuery export is an important step to do upfront because the export data is not retroactive.

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10.

Where can you find the breakdown of your GCP costs by project, product, and SKU with forecasted costs and a trend line in one place? Select the correct answer.

checkBilling reports in the GCP Console

In your invoice.

Within the billing account.

Online Summary statement