Final answer:
In the context of the given statement, the term 'caucus' refers to a meeting of members of a political party or group to discuss and decide on policies.
Step-by-step explanation:
In the context of the given statement, the term 'caucus' refers to option 1) A meeting of members of a political party or group to discuss and decide on policies. A caucus is a gathering where party members come together to discuss and make decisions about party policies and candidates. It is conducted at the local level and involves raising hands or breaking up into groups to indicate votes.