Which statement about Scrum artifacts is correct?

The statement that Scrum artifacts provide transparency regarding the product development is correct because one of the primary purposes of these artifacts is to ensure a shared understanding among all stakeholders involved in the project. Scrum artifacts include the Product Backlog, Sprint Backlog, and Increment, each serving to convey valuable information about the product's state, progress, and work required.

The Product Backlog represents a prioritized list of features and requirements that the team must fulfill, offering stakeholders a view into the upcoming work. The Sprint Backlog, which lists the work selected for a particular Sprint, provides insights into the team's current focus and progress within that time frame. Finally, the Increment, which is the sum of all completed work, demonstrates the value delivered at the end of each Sprint.

This transparency fosters collaboration, facilitates better decision-making, and enables all participants to track the project's progress, ensuring alignment with the product vision and goals. Therefore, this characteristic of Scrum artifacts is integral to the Scrum framework and supports effective communication among Product Owners, Scrum Masters, and the development team as well as other stakeholders involved.