Which statement is true regarding common errors during engine failure procedures?

The statement that "all of the above" is true regarding common errors during engine failure procedures is accurate because it encompasses the various aspects mentioned in the other options that highlight specific errors and misconceptions.

When discussing configuration errors, it's important to note that these can occur at any altitude, not just low altitudes. Pilots may overlook critical steps in the engine failure checklist regardless of their elevation, indicating that these errors are not limited to one phase of flight.

Also, the statement that errors are less likely with experienced pilots does not adequately reflect the reality of flying; even experienced pilots can make errors, particularly under stress or unusual conditions.

The encompassing nature of the "all of the above" option signifies a comprehensive understanding that both configuration issues and the potential for errors affect pilots of all experience levels at various altitudes, demonstrating that vigilance is essential in engine failure procedures regardless of altitude or experience.