Step 3: Analyze the options provided in the question. Option 1 states that DNA replication occurs before both meiosis II and mitosis, which is incorrect because DNA replication occurs only once before meiosis I, not before meiosis II. Option 2 states that meiosis II results in four daughter cells, while mitosis produces two, which is misleading because the four cells are the result of the entire meiosis process, not just meiosis II. Option 3 states that homologous chromosomes separate during meiosis II, but this is incorrect because homologous chromosomes separate during meiosis I, not meiosis II.