A bulb like projection formed on the parent body in the process of budding is called a ____.
Select the correct statements for the process of budding in yeast:
I. A bud arises from a particular region on a parent body.
II. A parent cell divides into two daughter cells, here the parental identity is lost.
III. Before detaching from the parent body a bud may form another bud.
IV. A bud when detaches from the parent body grows into a new individual