Answer
True
Work Step by Step
Ratio Test: Let us consider a series $\Sigma a_k$ whose limit $l$ can be obtained as: $ l=\lim\limits_{k \to \infty} |\dfrac{a_{k+1}}{a_k}|$
1. For $l \lt 1$, the series is absolutely convergent.
2. For $l \gt 1$, the series is divergent.
3. For $l = 1$, the series is inconclusive.
We notice that the given statement is true by the ratio test.