Final answer:
The While loop operates as long as a specified condition is true, not false. Once the condition becomes false, the loop stops running. Therefore, the correct answer is that the statement is False.
Step-by-step explanation:
The statement 'The While loop gets its name from the way it works: While a condition is false, do some task' is false. A While loop in programming executes a block of code as long as a specified condition is true. Once the condition becomes false, the loop stops executing the code block. For example, in a While loop that counts from 1 to 5, the loop will continue to run until the counter variable exceeds 5. The condition in this case could be 'while counter <= 5', and within the loop's block, the counter would typically be incremented.