The correct option is C Assertion is an incorrect statement but the reason is the correct statement
Glycolysis is a pathway in which the breakdown of glucose to pyruvic acid occurs. It results in partial oxidation of glucose. It occurs in both aerobic and anaerobic organisms. It takes place in the cytoplasm of all living cells.
Aerobic respiration occurs in the presence of oxygen. It includes glycolysis, the conversion of pyruvate into acetyl CoA by pyruvate dehydrogenase, followed by subsequent yielding of carbon dioxide, NADH, FADH2, ATP by Krebs cycle and electron transport chain. Hence, the assertion is incorrect.