Step 1: Understand logistic growth.
Logistic growth describes population growth in a limited environment where resources are finite and environmental resistance increases with population size.
Step 2: Evaluate statement (i).
Logistic growth shows a lag phase initially, followed by acceleration (exponential-like growth) and then deceleration as resources become limiting. Hence, statement (i) is correct.
Step 3: Evaluate statement (ii).
In logistic growth, population eventually reaches carrying capacity (K), where growth stabilizes and forms an asymptote. Hence, statement (ii) is correct.
Step 4: Evaluate statement (iii).
Logistic growth does NOT occur under unlimited resources. Unlimited resources lead to exponential growth, not logistic growth. Hence, statement (iii) is incorrect.
Step 5: Evaluate statement (iv).
A plot of population size (N) against time (t) in logistic growth forms a sigmoid (S-shaped) curve. Hence, statement (iv) is correct.
Step 6: Final conclusion.
Since only statement (iii) is incorrect, the correct option is "Except (iii) all are correct."