Which of the following statements about Sandboxes is TRUE?

The correct statement emphasizes that when sandboxes are enabled in the Enterprise Planning and Budgeting Cloud system, version members will indeed have the "Enable Sandboxes" option available. This functionality allows users to work with different versions of data in isolated environments, using sandboxes for testing changes or experiments without affecting the main production environment. By granting these options to version members, organizations can effectively manage and track changes while maintaining the integrity of their core data.

In contrast, while it is true that sandboxes are a powerful feature for facilitating collaborative and iterative planning, not all of the other provided statements are accurate. For instance, sandboxes can be enabled or disabled based on the organization's requirements, and they are typically utilized for planning cubes rather than reporting cubes. Additionally, enabling sandboxes for multiple planning cubes at once is not supported, as enabling is generally done on a cube-by-cube basis to ensure proper configuration and management of each sandbox environment.