How many retention and sensitivity labels can be applied to an O365 item?

How many retention and sensitivity labels can be applied to an O365 item?
A. One retention; one sensitivity
B. Up to 15 retention; up to 15 sensitivity
C. Unlimited retention; unlimited sensitivity
D. One label only – either sensitivity or retention
E. One auto-applied retention label; one auto-applied sensitivity; one manually-applied retention; one manually applied sensitivity – effectively 4 in total

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