Final answer:
The statement is false; a plug-in, which adds functionality to an existing program, and an algorithm, which is a set of instructions to perform a specific task, are distinct concepts in computing.
Step-by-step explanation:
The statement that a plug-in is just another name for algorithms is false. While both plug-ins and algorithms are used in the field of computing, they are quite different. An algorithm is a set of steps to accomplish a specific task, like a recipe. It's a methodical process used in mathematics and computer science for solving problems or performing tasks. On the other hand, a plug-in is a piece of software that adds specific features to an existing computer program. When a program supports plug-ins, it enables customization.
An example that illustrates the difference could be seen in a web browser. A web browser can use various algorithms to process data and display web pages. However, it can also support plug-ins (like Adobe Flash Player or an ad-blocker) which extend the browser's capabilities without changing the fundamental way it works.