If ‘* ( )’ stands for ‘bread butter cake’, ‘& ! *’ stands for ‘cake and cutter’, ‘) (!’ stands for ‘bread and butter’, then ‘* * *’ stands for:

Sentence 1 gives the correspondence
* (  )  → bread, butter, cake.

Sentence 2 gives the correspondence
& ! *  → cake, and, cutter.

The only symbol common to the two sentences is the asterisk “*”.
The only word common to the two English phrases is “cake”.
Therefore, the code “*” represents the word “cake”.

Sentence 3 ( ) (! → bread, and, butter ) is not needed any further once the value of “*” is known.

Replacing each “*” in “* * *” by its meaning gives
cake cake cake.

Option B which is: Cake Cake Cake