Oracle Cloud Infrastructure 2024 Architect Associate Quiz 02 15Nov24 - Practice Quiz

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Question 1 of 30

A company has recently migrated its applications to Oracle Cloud Infrastructure and is looking to optimize its cloud spending. They have noticed that several compute instances are underutilized, and the finance team is concerned about the rising costs. What is the most effective strategy the company should implement to address this issue?

Implement a tagging strategy to identify and monitor resource utilization, allowing for the downsizing or termination of underutilized instances.

Increase the number of compute instances to handle potential future workloads, ensuring that performance is not compromised.

Switch to a pay-as-you-go pricing model for all resources to avoid upfront costs and only pay for what is used.

Consolidate all workloads onto fewer, larger instances to reduce the number of resources being billed.

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