True
In Salesforce, a lookup relationship is a type of child-to-parent relationship that allows you to relate one object to another object.
Despite having no impact on deletion or security, this kind of relationship connects two objects. Lookup fields are not necessarily required, unlike master-detail fields.
Lookup fields can be used for any relationship not just parent child. Answer is B. False
https://help.salesforce.com/articleView?id=search_lookups.htm&type=5&sfdcIFrameOrigin=null
"If the parent record in a lookup relationship is deleted, the field history tracking for the child record does not record the deletion."
https://help.salesforce.com/articleView?id=overview_of_custom_object_relationships.htm&type=5
A parent-child relationship is not the same as a master-detail relationship. A lookup relationship always references a parent record.
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