Which statement about electrical circuits is true regarding their configurations?

Electrical circuits can indeed be arranged in multiple configurations, with series and parallel being the two most common. In a series configuration, components are connected end-to-end, meaning that the same current flows through each component. This type of arrangement simplifies the circuit, but it can also create issues if one component fails, as the entire circuit is interrupted.

On the other hand, parallel configurations connect components alongside each other, allowing multiple pathways for the current. This means that if one component fails, the others can still operate. This flexibility in configuration allows for more complex designs that can balance load distribution and ensure that systems remain operational even under failure.

By indicating that circuits can be arranged in both these ways, it highlights the versatility and functionality of electrical systems in various applications, thus making this statement accurate. The other choices present limitations or inaccuracies regarding circuit configurations, which do not align with the fundamental understanding of electrical systems.