Step 1: Analyze Assertion (A).
Carbon, being small and highly electronegative, can form strong $p\pi - p\pi$ multiple bonds with itself (C=C, C≡C) and with other small electronegative elements like N and O. This is due to good overlap of p orbitals.
Step 2: Analyze Reason (R).
Heavier group 14 elements (Si, Ge, Sn) have larger atomic size and their p orbitals overlap poorly. Therefore, they cannot effectively form $p\pi - p\pi$ bonds.
Step 3: Compare A and R.
While A is correct, R is factually incorrect because heavier group 14 elements cannot form stable $p\pi - p\pi$ bonds. Hence, R cannot be the explanation for A.
Step 4: Conclusion.
(A) is correct but (R) is not correct.
Step 5: Final answer.
\[
\boxed{\text{Option (3)}}
\]