Final answer:
The term 'payola' correctly describes the practice of offering payment or other inducements to broadcasters, such as DJs, to play specific songs, making the statement true.
Step-by-step explanation:
The term payola refers to the illegal practice of payment or other inducements offered by record companies to broadcasters in exchange for the airing of specific music tracks or songs, typically to increase the visibility and airplay of newer or less well-known artists. The practice of payola has been seen historically in the music industry, and while it may not be as prevalent today due to legal action and more stringent industry standards, it does still occur occasionally. Therefore, the statement is true: money paid to DJs as bribes to play certain songs is indeed known as payola.