# [Knowledge check] Describe cost management in Azure

This module explores methods to estimate, track, and manage costs in Azure.

## **Learning objectives**

* Describe factors that can affect costs in Azure
    
* Compare the Pricing calculator and Total Cost of Ownership (TCO) calculator
    
* Describe the Microsoft Cost Management tool
    
* Describe the purpose of tags
    

## **Prerequisites**

* Basic familiarity with IT terms and concepts
    

[https://learn.microsoft.com/en-us/training/modules/describe-cost-management-azure/](https://learn.microsoft.com/en-us/training/modules/describe-cost-management-azure/)

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1. **What Azure feature can help stay organized and track usage based on metadata associated with resources?**
    
    **<mark>A. Tags</mark>**
    
    B. Tracers
    
    C. Values
    
2. **What’s the best method to estimate the cost of migrating to the cloud while incurring minimal costs?**
    
    A. Migrate a small sample to the cloud and track costs over time.
    
    **<mark>B. Use the Total Cost of Ownership calculator to estimate expected costs.</mark>**
    
    C. Migrate to the cloud, but track usage closely using tags to rapidly understand costs.
    

![](https://cdn.hashnode.com/res/hashnode/image/upload/v1718960942055/1921e57b-e507-4594-a273-e55d6247bd40.png align="center")