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The statement that Scrum can be used effectively by both co-located and distributed teams accurately reflects the flexible nature of the Scrum framework. Scrum is designed to facilitate collaboration and iterative progress, regardless of the physical location of team members. While co-location can enhance communication and make it easier for team members to interact in real time, Scrum practices, such as daily stand-ups, sprint planning, and retrospectives, can also be effectively adapted for teams that work remotely or are distributed across different geographical locations.

With advancements in technology and communication tools, distributed teams can leverage video conferencing, collaboration software, and other digital tools to maintain the essential Scrum ceremonies and foster teamwork. This adaptability is key to Scrum's success in varied environments and allows organizations to implement agile practices no matter where their team members are situated.

Each of the other statements presents limitations on how Scrum can be applied. For instance, the notion that Scrum teams must always be co-located or that co-located teams are always more effective than distributed ones doesn't acknowledge the successful implementations of Scrum in diverse settings. Furthermore, claiming that distributed teams find it impossible to cooperate undermines the ability of teams to successfully work together through remote communication strategies.