Final answer:
The statement is true; Private Clouds can be hosted either on-premises or by third-parties, and they offer flexibility, control, and scalability with dedicated resources for a single organization.
Step-by-step explanation:
The statement that Private Clouds can be hosted at your data center or by a third-party service is true. Private cloud environments provide dedicated hardware and software resources to a single organization. This setup offers significant advantages such as improved flexibility, control over the computing environment, and scalability, allowing resources to be adjusted according to the organization's changing needs. In a private cloud, the infrastructure and services are not shared with any other organization, which can enhance security and performance for the enterprise exclusively using it.