You have the retention label policy shown in the Policy exhibit. (Click the Policy tab.)

Users apply the retention label policy to files and set the asset ID as shown in the following table.

On December 1, 2020, you create the event shown in the Event exhibit. (Click the Event tab.)

For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.

Recent Comments (The most recent comments are at the top.)
for 3rd statement its tricky: The deletion date is based on the date set in the retention event, not the file creation dates. Don't let that trip you up either. Since the retention event for both fiscal years (FY20 and FY21) has the same start date of September 30, 2020, the retention period would be calculated as 7 years from that date, regardless of which fiscal year (FY20 or FY21) the document is linked to. Therefore, all documents would be retained until September 30, 2027.
source: https://learn.microsoft.com/en-us/microsoft-365/compliance/event-driven-retention?view=o365-worldwide