Final answer:
Setting team expectations and discussing the next steps in a project kick-off meeting corresponds to the agenda item 'What comes next'. This includes defining immediate priorities and setting milestones.
Step-by-step explanation:
During a kick-off meeting, when a project manager spends time setting expectations for the team and discussing the next steps, this falls under the agenda item of 'What comes next'. This is a critical part of the meeting where actionable items are set, and team members understand their immediate priorities and what they are expected to take on. Apart from just setting expectations, this stage is also where milestones may be discussed, helping to chart a course for the project and ensuring that everyone is on the same page with what needs to be accomplished.