What is the purpose of local security policies on user accounts in a Windows environment?

What is the purpose of local security policies on user accounts in a Windows environment?

what is the answer?

$1.$To restrict user access to specific network resources.

$2.$To limit the number of concurrent user sessions on a computer.

$3.$To enforce complex password requirements for improved security.

$4.$To control the functionality and behavior of user accounts on a local computer.