Correct Answer: A and C
You can’t delete a custom object if it is on the master side of a master-detail relationship. And if you delete a custom object that is on the detail side of a master-detail relationship, the relationship is converted to a lookup relationship.
Deleting a detail record moves it to the Recycle Bin and leaves the master record intact; deleting a master record also deletes related detail and subdetail records. Undeleting a detail record restores it, and undeleting a master record also undeletes related detail and subdetail records. However, if you delete a detail record and later, separately, delete its master record, you cannot undelete the detail record, as it no longer has a master record to relate to.
By default, records can’t be reparented in master-detail relationships. Administrators can, however, allow child records in master-detail relationships on custom objects to be reparented to different parent records by selecting the <samp>Allow reparenting</samp> option in the master-detail relationship definition.
Other options are incorrect because a master object cannot be a standard object and the detail record also inherits the sharing rule from master records, but the child record cannot inherit the sharing settings from the parent.
Reference:
https://help.salesforce.com/articleView?id=relationships_considerations.htm&type=5