Which of the following statements about the Product Backlog is correct?

The correct answer emphasizes that the Product Backlog is a dynamic list that evolves based on feedback. This reflects the core principles of agile practice, where continuous improvement and adaptability are paramount. The Product Backlog is not a static or fixed list; instead, it is intended to change as new information and insights are gathered throughout the project. Feedback from stakeholders, the development team, and the market can all influence the contents and priorities of the Product Backlog.

This adaptability allows the team to respond to changing requirements and to innovate, ensuring that the product remains relevant and aligned with customer needs. Regular refinement sessions, also known as backlog grooming, help the team to reassess and adjust the backlog based on these insights. This characteristic of the Product Backlog supports the agile framework's emphasis on delivering maximum value to customers through iterative and incremental delivery.

Thus, stating that the Product Backlog is dynamic and evolves is not only correct but is also a fundamental aspect of successful Scrum practice.