The statement "Assets are people and items that the organization needs to stay in business" is:

The assertion that "Assets are people and items that the organization needs to stay in business" is fundamentally accurate. Assets in a business context encompass both tangible and intangible resources that contribute to a company's ability to operate and generate profits.

Tangible assets include equipment, buildings, or inventory, which are physical items necessary for production and service delivery. On the other hand, intangible assets might encompass intellectual property, brand reputation, or skilled personnel—elements that are equally crucial for a company’s functionality and competitiveness.

When considering this statement, it's clear that people—employees, managers, and other stakeholders—represent a vital component of an organization's assets. Their skills, knowledge, and contributions are essential for maintaining operations, serving customers, and driving innovation. Therefore, the statement accurately reflects the holistic view of organizational assets, as both the physical items and the human resources are necessary for sustaining the business's activities.