True or False: An open cornice consists of Frieze boards, molding, and fascia.

An open cornice is characterized by its structural elements that include frieze boards, molding, and fascia. Frieze boards are horizontal boards that often serve as a decorative element at the top of walls or below the cornice. Molding is used to enhance the visual appeal and detail of the cornice by framing or outlining the space. Fascia boards are typically the final component of the cornice, capping it off and providing a finished look while also serving a functional purpose, such as supporting the gutter system.

In this context, identifying an open cornice with these specific elements (frieze boards, molding, and fascia) directly reflects its design characteristics. As such, it confirms the assertion that an open cornice indeed consists of these components, validating the answer as true.