Final answer:
Double-clicking a formula cell in Excel highlights the cells that feed into the formula, known as trace precedents, not 'Formula Seek'. The term 'Goal Seek' refers to a different Excel feature that adjusts formula inputs to reach a desired outcome.
Step-by-step explanation:
The statement "You can double-click a cell with a formula and Excel will use Formula Seek to highlight the cells that provide data for the formula" is false. In Microsoft Excel, when you double-click a cell that contains a formula, the application highlights the cells that are directly referenced in that formula with colored borders. This feature is known as trace precedents and it helps users visually identify which cells affect the selected formula. However, there is no feature called 'Formula Seek' in Excel. The correct terminology for the feature that allows you to adjust a formula's input values to achieve a desired result in another cell is Goal Seek.