We are given:
- Object distance \( u = -16 \, \text{cm} \) (since the object is in front of the mirror)
- Image distance \( v = +12 \, \text{cm} \) (since the image is virtual and behind the mirror, the distance is positive)
We can use the mirror formula to calculate the focal length:
\[
\frac{1}{f} = \frac{1}{v} - \frac{1}{u}
\]
Substituting the given values:
\[
\frac{1}{f} = \frac{1}{12} - \frac{1}{-16} = \frac{1}{12} + \frac{1}{16}
\]
Finding the common denominator:
\[
\frac{1}{f} = \frac{4 + 3}{48} = \frac{7}{48}
\]
Thus, the focal length is:
\[
f = \frac{48}{7} \approx 6.86 \, \text{cm}
\]
Since the focal length is positive, the mirror is a concave mirror (a converging mirror).
Next, the magnification \( m \) can be calculated using the magnification formula:
\[
m = \frac{v}{u} = \frac{12}{-16} = -0.75
\]
So, the magnification is \( -0.75 \), meaning the image is diminished and virtual.