Your question is Assess Latency Impact on UX. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
You are the PM for a networked application where users depend on fast responses to complete core tasks. The team is debating how much latency matters relative to other product improvements, and you have been asked to weigh in.
How do you think about the impact of latency on user experience in a networked application?