Final answer:
The process that involves one DNA replication and two cell divisions is called meiosis.
Step-by-step explanation:
The process that involves one DNA replication and two cell divisions is called meiosis. Meiosis is a type of cell division that occurs in sexually reproducing organisms, producing gametes with half the number of chromosomes found in the parent cell. This process is essential for genetic diversity and the production of haploid cells.