Final answer:
SCRUM is described as a lightweight framework for developing and managing complex products through an iterative and incremental process, standing in contrast to traditional sequential design processes.
Step-by-step explanation:
The correct statement that describes Scrum is: a light weight framework designed to develop and manage complex products in an iterative and incremental way. Scrum is based on the principles of agility and flexibility in the development process. It allows teams to deliver value in incremental pieces and to adjust and refine the product through regular iterations, known as Sprints. This approach contrasts with a traditional sequential design process, which involves following a fixed set of steps one after another, typically not allowing for the same levels of adaptability. Instead of a linear progression, Scrum embodies a 'spiral design process', where the design process is iterated, and with each loop, improvements and adjustments can be made. This is a much more dynamic way of handling projects and often results in a better end product, although it requires careful management of time and resources.