Final answer:
The statement is false; the SCAN policy is a disk scheduling algorithm that services requests in one direction until it reaches the end, and does not specifically favor the latest arriving jobs.
Step-by-step explanation:
True or False: The SCAN policy favors jobs whose requests are for tracks nearest to both innermost and outermost tracks, and favors the latest arriving jobs.
This statement is false. The Elevator algorithm, commonly referred to as SCAN, is a disk scheduling algorithm that moves the disk arm towards one end of the disk until it reaches the last track, then reverses direction moving back towards the first track. This approach is somewhat similar to the way how an elevator works, hence the name. SCAN schedules disk access efficiently by servicing requests in one direction until it reaches the last or the first track, before reversing its direction. It does not particularly favor the latest arriving jobs; rather, it favors jobs that happen to be in the path of the moving disk arm in its current direction of traversal.