Explanation:
The VNet will be marked as 'Non-compliant' when the policy is assigned. However, it will not be deleted and will continue to function normally.
Azure Policy is a service in Azure that you use to create, assign, and manage policies. These policies enforce different rules and effects over your resources, so those resources stay compliant with your corporate standards and service level agreements.
If there are any existing resources that aren't compliant with a new policy assignment, they appear under Non-compliant resources.
Reference:
https://docs.microsoft.com/en-us/azure/governance/policy/overview
https://docs.microsoft.com/en-us/azure/governance/policy/assign-policy-portal

Reference:
https://docs.microsoft.com/en-us/azure/storage/common/storage-account-overview
https://azure.microsoft.com/en-gb/pricing/details/storage/blobs/

Explanation

Section: Describe Azure cost management and Service Level Agreements
Explanation:
Box 1: No
You need to be an administrator of the billing account that has the subscription to be able to transfer the subscription. This could be a Billing Administrator or Global Administrator. A subscription owner can manage all resources and permissions within the subscription but cannot transfer ownership of the subscription.
Box 2: Yes
You can convert a free trial subscription to Pay-As-You-Go. This is common practice for people who wish to continue using the Azure services when the free trial period expires.
Box 3: Yes
You can remove the spending limit, but you can't increase or decrease it.
The spending limit in Azure prevents spending over your credit amount. All new customers who sign up for an Azure free account or subscription types that include credits over multiple months have the spending limit turned on by default. The spending limit is equal to the amount of credit and it can't be changed. For example, if you signed up for Azure free account, your spending limit is $200 and you can't change it to $500. However, you can remove the spending limit. So, you either have no limit, or you have a limit equal to the amount of credit.
Reference:
https://docs.microsoft.com/en-us/azure/billing/billing-add-change-azure-subscription-administrator
https://docs.microsoft.com/en-us/azure/billing/billing-upgrade-azure-subscription
https://docs.microsoft.com/en-us/azure/billing/billing-spending-limit

Explanation