Which of the following is true about the President's term limits?

The statement that the President is limited to two elected terms is accurate and reflects the 22nd Amendment of the United States Constitution, which was ratified in 1951. This amendment was enacted in response to Franklin D. Roosevelt's four-term presidency and serves to formalize the limit to two terms in office for any elected President. This means that an individual can serve a maximum of eight years in this role, although they could potentially serve more if they were to complete the remainder of someone else's term before being elected for their own two full terms. The two-term limit is crucial in maintaining a balance in power and preventing any single individual from holding significant authority for too long in the executive branch of government.