Final answer:
The YR element alone cannot spell out the year in the TO_CHAR function; use 'YYYY' or 'YYYYY' to achieve the full year representation in Oracle's SQL.
Step-by-step explanation:
The statement that "The YR element can be included in a format argument of the TO_CHAR function to spell out the year of the specified date" is FALSE. In Oracle's SQL, the TO_CHAR function is used to convert a date time or numeric data type to a string. If you want to spell out the year, the correct elements to use are 'YYYY' for 4-digit year or 'YYYYY' for 5-digit year.
'YRRR' and 'RRRR' are also used but for different year format representations within the function. 'YR' by itself would not provide the spelled-out a year.