Evaluate the following statements regarding leadership styles and identify the option that accurately reflects their correctness or incorrectness: Statement 1: A democratic leadership style encourages collective decision-making, where team members actively participate in the process, fostering a sense of shared ownership and responsibility. Statement 2: Laissez-faire leadership promotes a hands-off approach, providing minimal guidance and allowing team members significant autonomy in their work, often leading to increased creativity, productivity and innovation. Statement 3: An autocratic leadership style centralizes decision-making authority with the leader, who dictates tasks, sets expectations, and expects strict compliance, emphasizing efficiency and control in achieving goals.