Final answer:
The statement is False. According to the 22nd Amendment of the United States Constitution, a person can only serve a maximum of two terms as President.
Step-by-step explanation:
The statement is False. According to the 22nd Amendment of the United States Constitution, no person can be elected as President more than twice. This amendment was passed after Franklin D. Roosevelt was elected four times, serving for a total of 12 years. Therefore, a person can only serve a maximum of two terms as President.