Final answer:
In an EPC diagram, the Exclusive OR (XOR) connector signifies a decision point where only one of the available paths can be chosen to proceed in the process flow, making the statement false.
Step-by-step explanation:
In an Event-driven Process Chain (EPC) diagram, the Exclusive OR (XOR) type of connector does not indicate that both branches must be taken. Instead, it signifies that only one of the available branches can be taken, and the choice is exclusive. This means that the statement 'With EPC diagrams, the Exclusive OR (XOR) type of connector indicates that both branches of the connector must be taken' is false. The XOR connector is essentially a decision point where only one path is chosen to proceed in the process flow.