Final answer:
The correct fill-in-the-blank statement for version control is: Flagging the 'Preserve' checkbox ensures existing changes are not deleted in the workspace, and the status of any modifications is updated to current.
Step-by-step explanation:
It appears that you are asking about a software version control system. In this scenario, the correct statement is:
If you flag the Preserve checkbox, existing changes WON'T be deleted in the workspace, and the status of any modifications will be changed to current.
Step-by-step explanation:
When working in a version-controlled workspace, flagging the Preserve option typically means that your current workspace will not be overridden by new updates from the repository. Any local changes or modifications you have made to files will not be erased, and their status in your local environment will now reflect that they are up to date with the version considered as the current one in your view of the project