Final answer:
The <object> element uses the data attribute, not the src attribute, to specify the URL of an embedded resource, making the statement false.
Step-by-step explanation:
The <object> element is used to embed different kinds of multimedia resources into an HTML document, such as images, video, audio, Java applets, ActiveX, PDF, and Flash. While the src attribute is used with many HTML tags to reference the location of an external resource, the <object> element actually utilizes the data attribute to specify the URL of the resource it is going to embed. Therefore, the statement that the <object> element uses the src attribute to refer to the multimedia resource is False.