An extranet is a business or organization's intranet that is partially accessible to authorized people outside the business or organization.
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The statement is True.

When you want to share information from your intranet to people who are outside of your organization, you should use the extranet. Intranet differs from the extranet in that the former is a private network that is available only to members of an organization. Thus information found from the intranet cannot be accessed to the public, like the Internet.