Final answer:
TCO refers to the original cost of purchased technology: both hardware and software is FALSE. TCO stands for Total Cost of Ownership and includes not only the initial cost but also ongoing expenses.
Step-by-step explanation:
The statement that TCO refers to the original cost of purchased technology: both hardware and software is FALSE. TCO stands for Total Cost of Ownership, which includes not only the initial cost of purchasing technology but also the ongoing costs associated with maintaining, operating, and supporting the technology over its entire lifecycle. This includes expenses such as maintenance, upgrades, training, and support. Therefore, TCO is a more comprehensive measure of the overall cost of technology ownership.