ACloud Guru Certified Cloud Practitioner Practice Exam

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Which AWS service would you use for automated cost management and reporting on service usage?

AWS Budgets
AWS Cost Explorer
AWS Pricing Calculator
AWS CloudTrail

The correct answer is: AWS Cost Explorer

The ideal choice for automated cost management and reporting on service usage is AWS Cost Explorer. This service is designed specifically to help users visualize, understand, and manage their AWS costs and usage over time. With Cost Explorer, you can create custom reports that analyze cost and usage data, allowing you to see trends, identify opportunities for savings, and forecast future spending. Cost Explorer provides a user-friendly interface that makes it easy to break down costs by various dimensions, such as service, linked account, or region. This granularity allows businesses to gain insights into their usage patterns and adjust their resources accordingly to optimize spending. Additionally, Cost Explorer can help in setting up budgets and alerts to maintain better control over costs. In contrast, while AWS Budgets focuses on setting specific budgetary limits and notifying users when those limits are exceeded, and the AWS Pricing Calculator is mainly a tool to estimate costs before using services, they do not provide the same level of automated reporting and analysis of actual usage over time. AWS CloudTrail is primarily for monitoring and logging API activity, which is not tailored for cost management. Thus, AWS Cost Explorer stands out as the comprehensive solution for both cost management and reporting.