Right option is (d) Fermentation
Easiest explanation: Fermentation and cellular respiration begin the same way, with glycolysis. In fermentation, however, the pyruvate made in glycolysis does not continue through oxidation and the citric acid cycle, and the electron transport chain does not run. Because the electron transport chain isn’t functional, the NADH made in glycolysis cannot drop its electrons off there to turn back into NAD^+.