The correct option is B Both assertion and reason are true and reason is the correct explanation of assertion.
Hemichordates are small worm-like marine animals which were earlier considered a subphylum of Chordata, based on the presence of gill slits; the dorsal nerve cord. However, a true notochord is absent. The buccal diverticulum or the stomochord resembles the notochord, so the reason for its earlier placement under Chordata.