Understanding the Concept:
Sign convention in optics:
• Upward heights → positive
• Along incident light → positive
• Real image → inverted → negative magnification
• Virtual image → erect → positive magnification
Step 1: Check option (A).
Virtual image by convex lens is erect → magnification positive → correct.
Step 2: Check option (B).
Real image by convex lens is inverted → magnification negative → correct.
Step 3: Check option (C).
Upward direction taken positive → correct.
Step 4: Check option (D).
Distances along incident light are positive → correct.
Step 5: Check option (E).
Concave lens always forms virtual and erect image → magnification is positive, not negative.
Step 6: Final Answer.
\[
\boxed{(E)}
\]