Final answer:
The incorrect prioritization scheme is C. Prioritization based on iteration velocity, as it is a metric for team performance, not a prioritization strategy.
Step-by-step explanation:
The option that is NOT a recognized prioritization scheme is: C. Prioritization based on iteration velocity (how quickly something can be done). Prioritization in project management and business often involves assessing factors that can impact a project's success, such as business value, risk, etc. However, iteration velocity is generally a metric used to measure the rate at which teams deliver new features or products, not a prioritization scheme. Prioritization based on business value or risk involves determining which tasks or projects will deliver the most value to the business or reduce the most risk, which are common and strategic approaches to project management.