Step 1: Analyze Assertion (A).
Manganese exhibits a maximum oxidation state of +7 (e.g., in \( KMnO_4 \)).
However, the statement says “in most of the transition elements,” which is incorrect because many transition elements do not reach +7 oxidation state.
\(\Rightarrow\) Assertion is false.
Step 2: Analyze Reason (R).
Transition metals show variable oxidation states due to participation of both \( ns \) and \( (n-1)d \) electrons in bonding.
\(\Rightarrow\) Reason is true.
\[
\therefore \text{Assertion is false but Reason is true}
\]