It should be not more than 2 hours per week of sprint length. 1 week: 2 hours, 4 weeks: 8 hours. Look up Handbook 2nd edition page 36. (Chapter Event 2: Sprint Planning)
Sprint Planning is time-boxed based on Sprint length:
30-day Sprint → up to 8 hours (Scrum Guide), but EXIN often simplifies to 4 hours for practical purposes.
Shorter Sprints (1–2 weeks) → proportionally shorter, typically 1–2 hours.
The goal is to plan what can be delivered and how the work will be achieved, not to spend unlimited time (so option B is incorrect).
Option C is wrong because the time box scales with Sprint length, not fixed at 2 hours.
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