Yes. The word “παρασκευή” comes from the verb “παρασκευάζω” which means “προετοιμάζω” (prepare).
Other modern Greek words with the same etymology are “προπαρασκευή”, “προπαρασκευαστικός”.
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Vasiliki Baskou, Instructor/Director, https://learn-greek-online.com.