Which statement correctly describes VMware Resource Pools?

The statement that accurately describes VMware Resource Pools is that they are used to allocate resources to multiple virtual machines (VMs) based on a resource hierarchy. Resource pools provide a way to manage and distribute CPU and memory resources dynamically among different VMs within a cluster or host. This hierarchical structure allows administrators to prioritize resources based on the needs of different workloads or business units, ensuring that critical applications receive the necessary resources while allowing less critical ones to share what remains.

This capability is particularly important in multi-tenant environments or when managing a diverse set of applications, as it helps maintain performance levels and service quality. By creating a well-defined resource hierarchy, organizations can optimize resource utilization and operational efficiency in their virtualized infrastructure.

The other statements do not reflect the correct functionality of resource pools in VMware. They are not limited only to virtual machines, do not manage storage devices, and are not restricted to physical servers, which operate independently of resource pools.