True or False: When creating a new standalone company, this company will use all org-specific definitions.

When creating a new standalone company in Workday, it is important to understand that it will not automatically use all org-specific definitions. Instead, a standalone company typically requires distinct configuration settings, which means it may not inherit org-specific definitions from other entities.

This distinction allows for flexibility in managing the standalone company's setups, such as its own business processes, policies, and definitions that can cater to its unique operational needs. As standalone entities may operate differently from existing organizations due to varying legal or operational frameworks, the requirement for specific configurations is a key component of their establishment.

Other options incorrectly imply that the new company would either fully inherit org-specific definitions or that this might change based on time or specific configurations. However, because a standalone company operates independently, it does not default to using all definitions from other organizations, emphasizing the need for tailored setups from the outset.