It is correct. Non manageable switches do have a fix configuration and there is nothing you can change while manageable switches will let you manipulate its configuration based on your needs.
I believe many Network Engineers also refer to a managed switch as to one that can be managed by an snmp management system (like HP Openview, Spectrum, Solarwinds Orion) would also use mibs and the snmp protocol to get key information like system uptime, vlan or port usage and utilization, errors, temp. of the switch and so on...
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