Final answer:
Link Local IPv6 addresses are indeed auto-generated using a process called SLAAC, combining a known prefix with an interface identifier derived from the MAC address of a device.
Step-by-step explanation:
The statement “Link Local IPv6 addresses are auto-generated” is true. Link Local addresses are a special kind of IPv6 address that are used for communication within the same network segment or the “link”. Unlike global addresses, they are not routable over the Internet. In IPv6, Link Local addresses are typically automatically generated by the operating system of a device using a process called Stateless Address Autoconfiguration (SLAAC). The address is formulated by combining a well-known prefix “fe80::/64” with an interface identifier, which is often derived from the device’s MAC (Media Access Control) address. This auto-configuration process allows devices to communicate without manual IP address configuration and is important for the functionality of local IPv6 networks.