The given statement is true, that A product owner can measure success by an increase in the team's velocity.
A Product owner's success can be measured by an increment in the team's velocity, that also increases the quality and quantity as well, and this will lead to increase the sales, and as a result of that, the profit also increases.
The estimation of the number of Product Backlog items is estimated by the management team and this can also can complete and set a Sprint Goal.
Therefore, the given statement is true.
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