Final answer:
The incorrect statement about standard reduction potential is that it involves the reduction of chlorine ions to Cl2 gas; the correct reference is the Standard Hydrogen Electrode, which has a potential of 0 V. Option C.
Step-by-step explanation:
The statement that is not true of standard reduction potential in the provided options is: 'the standard against which all reduction potentials are measured, with a potential value of 0 V, involves the reduction of chlorine ions to Cl2 gas.'
The correct reference standard for measuring all reduction potentials is the Standard Hydrogen Electrode (SHE), which has a potential value of exactly 0 V under standard conditions. The SHE is a reference system involving the reduction of hydrogen ions to hydrogen gas, not of chlorine ions to chlorine gas.
All standard reduction potentials are measured with respect to the SHE and are unaffected by the multiplication of a half-reaction by a factor, making the potentials an intensive property. This makes standard reduction potential a valuable means of predicting the direction of spontaneous reactions under standard conditions.
Additionally, the standard reduction potentials are listed with reduction half-reactions even when describing an anodic (oxidation) process. Option C.