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Question:

What activity is the team participating in?  

A A Scrum meeting     
Explaination

The question describes a daily stand-up, referred to as a Daily Scrum meeting. These meetings are typically held at the same time and place every day and are time-boxed to typically no more than 15 minutes. The purpose is to keep the team informed and alert the Scrum master of any obstacles in the way of completing tasks.