I really think that by glucose degradation, they are referring to the whole process of respiration. That would make the statement true.
Speaking of bio, just took my final this morning. Glad to be done with my summer classes! 🙂
*edit* From my textbook:
"The story of the breakdown of glucose - the saga of one molecule's transformation - is nearly complete. The only unfinished business lies at the end of the ETC. As noted earlier, oxygen is the final acceptor of the working electrons."
I guess it is a little vague to call respiration "glucose degradation", but I think the general idea can be deduced.