Which best describes an SLO?

It is a short, measurable description of an application feature.

It is a contract with end users that guarantees service quality

It is a measurable, time bound key performance indicator for your application.

It is a target reliability you want your service to achieve. ✓

Correct
Correct, an SLO is the agreed-upon target for a measurement or range of values for a service. Reliability could be one of these.

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