This answer is based on the TOGAF Standard, Version 9.2 - Business Scenarios , which states that “The business and technology environment is a description of the current situation in terms of business processes (including business capabilities), people (including skills), information (including data), applications (including software), infrastructure (including hardware), and governance (including standards).” Business capabilities and value streams are modeled when identifying the business and technology environment, as they provide a high-level view of what the business does or can do, and how it delivers value to its stakeholders. The other options are not correct, as they are not parts of a business scenario where business capabilities and value streams are modeled.