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Question:

A Scrum master facilitates a monthly period with the team to discuss what went well in the latest sprint, what could have improved, and what they will commit to going better in the upcoming sprint. This discussion is referred to as a:  

A Sprint retrospective 
Explaination

A sprint retrospective is held at the end of an iteration/sprint to identify what the team learned and what did not. The intent is to continue improving the overall process so that the team continues to become more effective as a unit.