Final answer:
The statement is true as a data element represents the smallest unique subset of larger data, acting as an atomic unit in a dataset.
Step-by-step explanation:
True or false: A data element is a single or individual fact that represents the smallest unique subset of larger data. The statement is true. A data element can be considered the most granular level of detail in a dataset. It's similar to an atomic unit in that it cannot be divided into smaller pieces without losing its meaning. This concept is important in understanding how complex data are structured and analyzed. For instance, in quantitative discrete data, each count like the number of phone calls received each day represents a single data element that is part of a larger set of data.