Assertion A): At times, a business may face a situation where it has to shut down its operations.
Reason R): If the revenue is less than its variable cost, the operation should be closed down.
In the context of the above two statements, which one of the following codes is correct?
1
A) is correct but R) is not correct
2
A) and R) both are correct and R) is the right explanation of A)
3
A) and R) both are correct and R) is not the right explanation of A)
4
Both A) and R) are incorrect