A Work Breakdown Structure (WBS) is 'a deliverable-oriented hierarchical decomposition of the work to be executed by the project team' — all the work needed to accomplish the objectives and produce the required deliverables, broken down level by level, with each lower level defined in more detail.
It is the core artifact of scope management: only after the WBS spells out 'what things must be produced' can you talk about scheduling, estimating costs, assigning work, and managing risk. The WBS originated in US Department of Defense project practice (later standardized as MIL-STD-881) and was generalized by PMI's Practice Standard for Work Breakdown Structures.

The 100% rule means that the child elements at every WBS level must completely cover the parent—no more and no less. If work is omitted, scope creep follows: a wedding plan may include venue, catering, and photography but omit a rain backup, forcing an expensive last-minute fix. Adding out-of-scope work is gold plating: a living-room renovation quietly expands to balcony storage, upsetting both budget and schedule. First ask what must be delivered, then assign ownership and acceptance criteria. Break down deliverables, not actions.
You can self-test this in the on-site project management quiz.