The correct answer is: C. Either I or II follows.
The statement does not provide enough information to determine whether or not the remaining manager will resign the next day. It is possible that he will, but it is also possible that he will not. The statement also does not provide enough information to determine whether or not the General Manager will terminate the remaining manager’s services the next day. It is possible that he will, but it is also possible that he will not.
Conclusion I is based on the assumption that the remaining manager is likely to resign because three of the other managers have already resigned. However, this assumption is not necessarily true. The remaining manager may have different reasons for staying with the company than the other managers did. For example, he may be more loyal to the company, or he may have a better chance of getting a promotion if he stays.
Conclusion II is based on the assumption that the General Manager is likely to terminate the remaining manager’s services because three of the other managers have already resigned. However, this assumption is not necessarily true. The General Manager may have different reasons for not terminating the remaining manager’s services than he did for not terminating the other managers’ services. For example, he may believe that the remaining manager is a valuable asset to the company, or he may be concerned about the legal implications of terminating the remaining manager’s services.
In conclusion, the statement does not provide enough information to determine whether or not the remaining manager will resign the next day or whether or not the General Manager will terminate his services the next day. Therefore, either conclusion I or conclusion II could follow.