The statement that is FALSE with regards to the Morphological Matrix is:
It is a computer generated grid.
The Morphological Matrix is typically a manual or structured approach used for problem-solving and doesn't inherently involve computer generation. It is a systematic way of investigating all the possible solutions to a complex problem by listing and combining the attributes in a grid format, but the grid itself is often created and manipulated by hand or in simple formats rather than being a predefined computer-generated entity.