Step 1: Understand the question:
This is an Assertion-Reason question on e-mail as a means of business communication.
We must check three things: is (A) true, is (R) true, and does (R) explain (A).
Step 2: Check Assertion (A):
Today a firm sends quotations, purchase orders, invoices, payment reminders and notices by e-mail every day.
E-mail reaches customers, suppliers and staff in any city or country within seconds.
So modern business organisations really do depend on it, and (A) is TRUE.
Step 3: Check Reason (R):
An e-mail reaches the receiver almost at once, so transmission is quick.
It costs much less than a courier, a letter or an international call, so the cost of communication falls.
Mails stay saved in the mailbox. They can be searched, sorted and forwarded later, so storage and retrieval of records is easy.
So (R) is TRUE.
Step 4: Check the link between (A) and (R):
Speed, low cost and easy record keeping are the very reasons why firms rely on e-mail.
So (R) is the correct explanation of (A).
Step 5: Why the other options are wrong:
Option (B) says (R) does not explain (A). But (R) gives exactly the reasons behind (A).
Option (C) calls (R) false, and option (D) calls (A) false. Both statements are true, so these two cannot be right.
Final Answer:
Both statements are true and the reason explains the assertion. This is option (A).
\[ \boxed{\text{Option (A): Both (A) and (R) are true, and (R) is the correct explanation of (A)}} \]