Final answer:
Yes, the statement is true: two-way communication does involve a sender and a receiver, which is evident in both technology, such as cell phones, and biological processes like cellular communication in organisms.
Step-by-step explanation:
True, two-way communication involves a sender and a receiver. This form of communication is exemplified by various technologies and biological systems where information is sent and received to facilitate interaction and coordination. For instance, cellular communication in multicellular organisms uses chemical messages to coordinate the actions of distant organs and tissues, which is essential for the organism's functioning and survival. In technology, devices like cell phones are ideal for two-way communication as they allow individuals to send and receive messages effectively, even in challenging situations like being separated in a crowd.