Team Jet has 7 members who won a school competition. Of these 7, 4 members are randomly picked to receive prizes for winning. The 1st member selected wins a $50 gift card; the 2nd person selected wins a $25 gift card; the 3rd person selected wins a $10 gift card; the 4th person selected wins a $5 gift card. The names of Team Jet's members are represented by the first letter of their first names, as displayed in the following table:

Name
Frank
Gina
Harriet
Inez
Jakob
Keven
Liu
Letter
F
G
H
I
J
K
L

Which of the following is a true statement?

The situation is a combination because the order in which the members are chosen matters.

The situation is neither a permutation nor a combination.

The situation is a combination because the order in which the members are chosen does not matter.

The situation is a permutation because the order in which the members are chosen matters.

The situation is a permutation because the order in which the members are chosen does not matter.