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The correct answer to the question is option 3: For pleasure, enhanced capability, and holistic growth. The passage explains that studies serve different purposes, including delight, ornament, and ability. Studies provide delight and privacy when done in solitude. They serve as ornamentation when used in conversation. And they enhance one`s ability to judge and handle business matters. The author also mentions that expert individuals can handle specific tasks, but overall strategies and organizing affairs are best executed by learned individuals. It is mentioned that spending too much time on studies can be considered lazy, while using them solely for ornamentation is considered pretentious. The passage emphasizes that studies perfect one`s natural abilities and are themselves perfected by experience. The author highlights that crafty individuals criticize studies, simple individuals admire them, but wise individuals use them. It is implied that studying is not just about accumulating knowledge but also about gaining wisdom through observation and experience.