The correct answer is that an iteration is a consistent, time-boxed cycle of development. In adaptive (or Agile) methodologies, projects are broken down into these repeated cycles, often called sprints, which typically last from one to four weeks. Each iteration aims to produce a potentially shippable increment of the product through a continuous loop of activities. The other options are incorrect. A singular phase for requirements gathering, a final testing phase, and an unscheduled period for defect correction do not represent the iterative, cyclical nature of this core adaptive practice.
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