Step 1: Concept
The Respiratory Quotient (RQ) is the ratio of the volume of $CO_{2}$ evolved to the volume of $O_{2}$ consumed during respiration.
Step 2: Meaning
The RQ value depends on the type of respiratory substrate being oxidized.
Step 3: Analysis
Carbohydrates have an RQ of 1.0. Fats are oxygen-poor molecules compared to carbohydrates, so they require more external oxygen for complete oxidation, resulting in less $CO_{2}$ produced per $O_{2}$ molecule used.
Step 4: Conclusion
For most fats (like tripalmitin), the RQ value is approximately 0.7, which is clearly less than 1.
Final Answer: (C)