Final answer:
E-business indeed refers to the digital conduct of transactions and processes across organizational boundaries, embodying the technological advancements and increased globalization of recent decades. This statement is true as it accurately describes how businesses operate and compete in the modern international market.
Step-by-step explanation:
The term e-business refers to the digital enabling of transactions and processes involving an exchange of value across organizational boundaries. The statement is true. E-business encompasses the use of telecommunications and the internet to conduct activities that create value for the consumer, business partners, and the company itself. It reflects the significant shifts brought about by improvements in technology and the drive towards globalization, allowing for a vast increase in competition and expansion of markets on a global scale.
Businesses now have the ability to engage with partners and customers worldwide through business-to-business websites, and the rise of telecommunication has made it cheaper to manage economic activities over long distances. Furthermore, international trade and financial capital flows are facilitated by international agreements and treaties, emphasizing the global interconnectedness of today's economy.