Budgets in OCI can be set based on which two options?

In Oracle Cloud Infrastructure (OCI), budgets can effectively be set based on cost-tracking tags and compartments. These mechanisms allow users to manage and monitor their cloud spending more granularly.

Cost-tracking tags enable users to categorize and track spending on specific projects, departments, or teams. By assigning tags to resources, organizations can create budgets that reflect the cost of those resources by the defined tags. This capability helps in enforcing financial accountability and ensuring that spending aligns with organizational goals.

Compartments, on the other hand, serve as logical groupings for resources within OCI. By setting budgets at the compartment level, users can monitor costs associated specifically with different teams, departments, or projects, allowing for a clear view of resource usage and expenditure across different areas of the organization.

While regions and variables are relevant concepts in the context of OCI, they do not directly pertain to the budget-setting functionality as effectively as cost-tracking tags and compartments. Thus, focusing on cost-tracking tags and compartments provides a more strategic approach to budgeting within the OCI environment.