In which text is the classification of organisms mentioned?

The process by which anything is grouped into convenient categories based on some easily observable characters is called ......

Which of the following statements are not correct?
$(i)$ The number of characteristics in common increases down the hierarchy.
$(ii)$ Order is the assemblage of genera which exhibit a few similar characters.
$(iii)$ Cat and dog are included in the same family Felidae.
$(iv)$ Binomial nomenclature was introduced by Carolus Linnaeus.

The International Code of $Biological$ $Nomenclature$ is applicable to:

Identify the correct option for the following statements:
$(i)$ It represents a group at different levels in classification.
$(ii)$ It is a meaningful event for organisms.
$(iii)$ Organisms strive to achieve this for the maximum utilization of nature.
$(iv)$ Morphogenesis occurs during this process.

Select the correct option for the following statements:
$(i)$ The basic unit of classification is species.
$(ii)$ Budding is observed in yeast and Hydra/Planaria.