PSPO questions with correct answers

In order to make investment decisions, the Product Owner is likely to look at the Total Cost of Ownership (TCO) of the product being built. What costs will a Product Owner take into account? - Correct Answer-All investments required to conceive, develop, operate and maintain the product; The owner of a product is not only accountable for development and release of a product, but also the cost of maintaining and operating the product. If a person 'owns' the product, he/she can be expected to be responsible for the complete life cycle of a product. The Scrum Team should choose at least one high priority process improvement, identified during the Sprint Retrospective, and place it in the Product Backlog. - Correct Answer-False, to ensure continuous improvement, the Sprint Backlog rather than the Product Backlog includes at least one high priority process improvement identified in the previous Sprint Retrospective meeting. When can the Product Backlog be updated? - Correct Answer-At any time when done by the Product Owner or at the Product Owner's discretion The process of regular inspection and adaptation employs knowledgeable and skilled inspectors. What are two ways in which the Product Owner takes the lead in the inspection process? - Correct Answer-The Product Owner invites stakeholders to the Sprint Review to learn how the current state of the marketplace influences what is the most valuable thing to do next. At the Sprint Review the Product Owner shares the current state of Product Backlog, which, combined with the inspection of the Increment, leads to an updated Product Backlog. How does an organization know that a product built through Scrum is successful? - Correct Answer-By releasing often, and updating key performance indicators (KPIs) on value after every release and feeding this information back into work on the Product Backlog