Which AWS service can the company use to set spending limits and receive notifications if those limits are exceeded?

Explanations:

AWS Cost and Usage Reports provide detailed information about costs and usage but do not allow setting spending limits or sending notifications based on those limits.

AWS Budgets allows users to set custom cost and usage budgets. Users can receive notifications via email or SMS when their costs or usage exceed predefined thresholds, making it suitable for managing spending limits.

AWS Organizations consolidated billing helps manage billing across multiple AWS accounts but does not provide tools for setting spending limits or notifications. It aggregates billing data for easier management but lacks proactive cost management features.

Cost Explorer is a tool for visualizing and analyzing costs and usage over time. While it provides insights into spending patterns, it does not offer capabilities to set spending limits or notifications for exceeded thresholds.