Migrate the physical servers to Azure virtual machines: Migration and modernization. Migrate the Hyper-V virtual machines to Azure: Migration and modernization.

Inside the Azure Migrate hub, the Migration and modernization tool, also known as Azure Migrate: Server Migration, is the single unified tool that handles both agent-based replication of physical servers, as well as virtual machines from other clouds, and agentless replication of on-premises Hyper-V virtual machines directly into Azure virtual machines. Because both tasks in this scenario, migrating physical servers and migrating Hyper-V VMs, fall within the scope of this same tool, Migration and modernization is the correct choice for each answer position. Azure Data Box is used for large-scale offline bulk data transfers rather than for live server or VM migration, Data Migration Assistant is scoped specifically to assessing and migrating SQL Server databases, and Movere is a discovery and inventory tool used to assess an environment before migration rather than an engine that performs the actual migration. None of those three tools perform the server or VM migration itself, so Migration and modernization is the only option among those listed that correctly answers both parts of this question.