Final answer:
The statement is false. Buildings and equipment are not essential criteria for something to be called an organization.
Step-by-step explanation:
The statement is false. In order for something to be called an organization, it does not necessarily need to have buildings and equipment. An organization refers to a group of people who work together towards a common goal or purpose. Buildings and equipment are not essential criteria for being considered an organization. For example, a group of volunteers working on a project or a virtual organization that operates remotely can both be considered organizations despite not having physical structures or equipment.