Answer
$\bf{True}$
Work Step by Step
The $n^{th}$ term of the sequence is given by the formula:
$ a_n=a_1r^{n-1}$
where $r$=common ratio and $a_1$=the first term.
The common ratio of a geometric sequence is equal to the quotient of any term and the term before it:
$ \ r = \dfrac{a_n}{a_{n-1}}$
Thus, the statement is $\bf{True}$.
