Final answer:
The statement is true; being able to read at a fourth-grade level indicates that Lisa is functionally literate, which means she possesses the basic reading and writing skills necessary for daily living and employment.
Step-by-step explanation:
The statement asserts that Lisa can read at a fourth-grade level, which is taken to mean that she is functionally literate. To be functionally literate generally refers to having a 3rd- to 6th-grade skill level in reading, writing, and math, which typically allows a person to be employed and live independently. Therefore, the answer to the question is true.
Understanding literacy rates is a key aspect of education and development. As evidence of the importance of literacy, consider Helen Keller's story, who, though initially without language, gained access to the world through literacy in finger spelling. This example shows the transformative power of literacy education, a manifest function of schools which includes learning to read and write. History illustrates a drastic improvement in global literacy rates over time, contributing to individual empowerment and societal advancement.