Final answer:
The false statement about the Use Relative References button is that it is shaded when it is off; in fact, it is shaded when active. It's located on the Developer tab, inactive by default, and remains active until manually turned off.
Step-by-step explanation:
The statement "the use relative references button is shaded when it is off" is not true about the Use Relative References button in Microsoft Excel. This button is indeed located on the Developer tab and is inactive by default, meaning it does not record macros with relative cell references until you activate it. Once activated, the button remains active until you turn it off, which allows for the recording of macros that adapt to different cell positions when played back. However, when the Use Relative References button is off, it is not shaded; rather, it is shaded or highlighted when it is on, indicating that it is active.