You can select line, vert, and faces all at once. Space bar multi select menu. Also at the bottom of the 3d view port are the buttons for all 3. Select one and then shift click the rest to add them to selection type. If you mouse over these it will inform you of this option.

Hmmm.  Cybermonk, is there a way to customize hotkeys to toggle the selection of verts, edges, or faces directly?  For example, in 3dsmax, the hotkeys for each sub-element are, by default, mapped to the number keys of the keyboard.  NOT the numpad numbers, but the 1-9,0 at the top of the keyboard.  1=Vert selection, 2=Edge selection, 3=Border Edge selection (open face edges), 4=Faces, and 5=Individual Elements, or unwelded object islands.  There's only three selection options in Blender, but it would be much faster and more convenient if we could just toggle between them quickly, from a keyboard hotkey, instead of a hotkey to bring up a menu to pick one.  After a while, and during a major project, that does become tiresome. Same thing with the DELETE function.  Blender constantly asks me, through a flyout menu, if I want to delete.  Whenever I press Delete on keyboard, or X, I get a menu asking "Delete?".  Can we not bypass that?  If I'm pressing delete, I just want to delete.  I dont want to click a confirmation.  If I make a mistake, I'll just CTRL-Z it.  There MUST be a way to disable all of these menus.  Another example:  when I wish to open a New scene.  I go to New in the file menu, and then I have to click another flyout menu saying "Reset Startup File".  I wish it would just do it, without the prompts.

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Tools :  3dsmax 2015, Daz Studio 4.6, PoserPro 2012, Blender v2.74

System: Pentium QuadCore i7, under Win 8, GeForce GTX 780 / 2GB GPU.