New PMP Question & Answers with explanation

Nicolas is the project manager of a project that has been described as revolutionizing the mobile fitness tracking industry. After consulting with his team of subject-matter experts, he decides to use Scrum. Nicolas’s project team continues to build on the product through two-week iterations. Iterations are also known by what other name?
Select one
A project manager has just closed out a procurement, which produced the final deliverable of the project. What is the project manager likely to do next?
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David is a project manager working for a prominent book publishing company. As part of his latest project, he uses an approach that yields frequent smaller deliverables throughout the span of the project. What type of project life cycle is David using?
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Which of the following represents a benefit of using an Agile approach to manage projects?
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You work in an environment that uses a combination of delivery approaches, namely, Agile and Predictive approaches, with one-month release cycles. The vice president of your division has told you to report the status of the project budget for the current release as on track. You have experienced three budget overruns in the past six months and know that the status of the budget for the existing release is poor. However, you also know there is a repayment coming on one of the procurement work orders that will reverse almost all of the cost overruns you’ve experienced for this latest release. Which of the following do you know to be true regarding this question?
Select two