Final answer:
The statement that a 'Deliverable' refers only to product-related items is false. Deliverables include both tangible and intangible items and often the intellectual property or ideas are of greater value than the physical materials.
Step-by-step explanation:
The concept of a "Deliverable" does not refer strictly only to product-related things such as hardware or software components. This statement is false. A deliverable can be anything that is promised to be delivered upon the completion of a project, and it may include tangible items like physical materials, as well as intangible items such as reports, documentation, and intellectual property. It is important to recognize that in many products, the value of physical materials may be small compared to the value of the technology or ideas.
For instance, in a computer, while the plastic parts and wiring are significant, they are relatively minor compared to the value of the innovative technology and advanced processes that enable the computer to function effectively.