True or False: The PA-700 generation-two log processing modules do not offer local ACC functionality because they do not store logs locally.

The statement is true because the PA-700 generation-two log processing modules are designed to handle logs in a specific manner that does not include local ACC (Application Command Center) functionality. This is primarily due to the architecture of these devices, which do not retain logs locally. Instead, they rely on external systems for logging and data management.

The ACC functionality provides insights and analysis on traffic patterns, user behavior, and security incidents. Since local log storage is a prerequisite for the ACC to analyze data effectively and generate reports, the absence of local storage in the PA-700 generation-two modules directly leads to the conclusion that they cannot offer local ACC functionalities. Therefore, the true aspect of the statement about these modules not having local ACC capabilities because they do not store logs locally aligns with their intended operational design.