Final answer:
The Transfer Assured Admission Policy indeed guarantees admission to one university in the UNC system for students who earn an AA/AS degree and meet transfer requirements, although not necessarily to their first choice university or competitive program.
Step-by-step explanation:
The statement that students who earn an AA/AS degree and meet transfer requirements are guaranteed admission to one university in the UNC system is true. The Transfer Assured Admission Policy is designed to provide a seamless transfer experience for students moving from a community college to a four-year institution within the UNC system. It's important to note that while admission is guaranteed, it may not be to a student's first-choice university within the system, and certain competitive programs may have additional requirements beyond the guaranteed admission policy.