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The sentence presented inside the quotes is a general proverb. The tense, therefore, will be present simple. Options C and D show the incorrect form of the tense and are incorrect. Options A and B both use the correct form of the tense, but Option A uses the word 'waits', which is used for singular subjects. Here, 'time and tide' is a plural subject (having two characters, 'time' and 'tide'), and therefore, the correct use would be the word 'wait'. Option B is the correct answer.
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