If I have some actions in worflow rules, will it be executed in series or in parallel?

If I have some actions in worflow rules, will it be executed in series or in parallel?

I have set some instant actions in worflow rules like this



as you can see I set 'Field Updates', 'Assign Owner' and 'Functions'. so there are 3 different actions.

will those 3 actiones be executed in parallel or in series?

I mean will it be executed one by one like this

Field Updates ---> Assign Owner --> functions

or those 3 are executed simultaneously in the same time?