Final answer:
The statement is true; 'food technology' indeed concerns the application of food science for selecting, preserving, and processing food, involving various biotechnological advances for improved food quality and safety.
Step-by-step explanation:
The statement is true: food technology refers to the application of food science to select, preserve, and process food. Food technology involves using advances in science and engineering to develop better ways to produce food, enhance its nutrition, make it safer, and preserve it longer. For example, biotechnology can be used to reduce naturally occurring toxins in plants, lower levels of saturated fats in oils, and decrease allergens in foods. This technology also supports conservation of natural resources by improving the efficiency with which animals use nutrients and by decreasing nutrient runoff into ecosystems.