The list L is initialized as ['TIC', 'TAC']. The slicing notation [::-1] performs a full reversal of the list. Consequently, applying L[::-1] reverses the order of L's elements. The initial element 'TIC' will occupy the final position, and the element 'TAC' will occupy the initial position. The resultant list is ['TAC', 'TIC']. Options (A) and (C) incorrectly represent reversed strings, not a reversed list. Therefore, option (D) is the correct selection.