Final answer:
The statement is True. The network cloud can represent an entire wide area network such as the Internet or a small laboratory network.
Step-by-step explanation:
The statement is True. The network cloud can indeed represent an entire wide area network (WAN) such as the Internet, or it can be as small as the network found in a laboratory. The concept of a network cloud refers to the remote storage and processing of data and applications on servers located outside of the user's physical location. This allows users to access resources and services over the internet, providing scalability and flexibility in managing network infrastructure.