Final answer:
The statement is true; CPU stands for Central Processing Unit, which functions as the brain of the computer, executing instructions and handling various computational tasks.
Step-by-step explanation:
True, the acronym CPU does stand for Central Processing Unit. The CPU is a vital component of the computer that performs the bulk of processing tasks. Conceived as the computer's brain, the CPU carries out instructions from a computer program by performing the basic arithmetic, logic, control, and input/output (I/O) operations specified by the instructions. The speed at which a CPU processes information is measured in hertz (Hz), and modern CPUs often feature multiple cores, which enhances their ability to handle multiple tasks simultaneously.