The correct answer is D. This process is a "handshake" between PM and TM. It consists of three stages: you agree with a work package, you execute it, you deliver it. There is nothing about project board.
https://prince2.wiki/processes/managing-product-delivery/
Managing Product Delivery Activities
Accepting a Work Package: The Team Manager accepts the Work Package from the Project Manager and creates the Team Plan to manage the development of the products.
Executing a Work Package: The team produces the products, requests the quality checks, obtains approval, and reports to the Project Manager using the Checkpoint Report.
Delivering a Work Package: Delivering a Work Package is delivering proof that the products are complete.
This involves ensuring that the Quality Register is updated, that approvals are done, that products are delivered as described in the Change Control Approach , and that the Project Manager is notified.