Which PowerShell command will upgrade the VM configuration version to take advantage of the new features in Windows Server 2016?

Update-VMVersion command.

Explanation:

PowerShell is a command line interface in windows operating system used by an administration to configured various system utilities.

Virtual machines are run on guest operating system supported by hyper-visors on a host operating system. They provide a platform for running multiple and different OS on a physical device.

To update the virtual machine on a system, use the Update-VMVersion command, but the Hyper-V must be upgraded.

Shutdown the virtual machine in the Hyper-V manager, select "Action" and then "configuration settings", then input the Update-VMVersion command.