Which of the following statements is true about a software verification and validation program?
I. It provides management with insights into the state of a software project.
II. It ensures that alpha, beta, and system tests are performed.
III. It is executed in parallel with software development activities

The option 1, 2, and 3 are true about a software verification and validation program. It is true that a software program provides management with insights into the state of a software projects. There goes the option one. The second option which says that t ensures that alpha, beta, and system tests are performed is also true to a great extent.

After all, this is one of the major functions of a software verification and validation program. The third option, which says it is executed in parallel with software development activities is also correct. Hence, all three options are correct.