Which one of the statements below correctly describes the Virtual Router Redundancy Protocol (VRRP), which is being used in the Company network to provide redundancy?

A.
A VRRP group has one active and one or more standby virtual routers.

B.
A VRRP group has one master and one or more backup virtual routers.

C.
A VRRP group has one master and one redundant virtual router.

Explanation:

The Virtual Router Redundancy Protocol (VRRP) feature can solve the static configuration problem. VRRP enables a group of routers to form a single virtual router. The LAN clients can then be configured with the virtual router as their default gateway. The virtual router, representing a group of routers, is also known as a VRRP group. In a topology where multiple virtual routers are configured on a router interface, the interface can act as a master for one virtual router and as a backup for one or more virtual routers.
Reference:
http://www.cisco.com/en/US/products/sw/iosswrel/ps1612/products_feature_guide09186a0080080a60.html