Final answer:
The characteristic of cloud computing of dynamically allocating computing resources to serve multiple customers based on demand is True. This is encapsulated by 'resource pooling' or 'multi-tenancy', which is essential for scalability and cost-efficiency in cloud services.
Step-by-step explanation:
The statement that one characteristic of cloud computing is that the provider's computing resources may serve multiple consumers with resources dynamically allocated according to customer demand is True. This characteristic is also known as resource pooling and multi-tenancy, where multiple customers, or tenants, can utilize the same computing services while the infrastructure adjusts to the demand of each client. It is a fundamental aspect of Cloud Service Providers (CSPs) and is crucial for providing scalable and cost-effective services.