The correct response is: Phase I results in two haploid daughter cells and phase II results in four haploid daughter cells.
In meiosis, Phase I (meiosis I) includes the reduction division where homologous chromosomes are separated, resulting in two haploid daughter cells. Phase II (meiosis II) is similar to mitosis, where the sister chromatids are separated, ultimately leading to four haploid daughter cells.
The other statements provided contain inaccuracies, such as implying that genetic variation only occurs in phase II or misrepresenting the chromosome counts of daughter cells. In meiosis, the chromosome number is halved during meiosis I, resulting in daughter cells with 23 chromosomes (in humans), and the second division leads to the separation of chromatids, maintaining the haploid state.