Final answer:
The statement is indicative of a function call in system development, where a function is executed and its result is assigned to a variable.
Step-by-step explanation:
The statement "[true/false]RetVal := name (param)" represents a function call in system development.
This line of code indicates that a function named name is being called with param as its argument, and the result of the function call is being assigned to a variable named RetVal.
The bracketed true/false portion suggests that RetVal is expected to be a boolean value denoting the success or failure of the function call.