John Clifford's answer is clear, well-written and correct. I expand:
First, let's establish consensus where it exists: In Microsoft Word, the scissors function would not be used to select certain information. However, it would be better to express the core idea more clearly, like this: "In Microsoft Word, the scissors tool is not to be used to select text." On this, surely, we have consensus.
In order to correctly answer the question, the most important thing to understand is that this is a situation where the rules of English rule, not the rules of boolean logic. Here are two arguments:
Imagine there's a statute that says: "A valid license entitles you to drive a car or small truck." Imagine you get a license, and get pulled over and issued a ticket anyway. You're told that you only have one license and were seen driving both a car and a small truck. That would be messed up! Because even though the word or is used, the only sensible interpretation of the or in the statute is that it means both can be driven.
In English, this sentence is false: "In Microsoft Word, the scissors function can be used to cut or select certain information." It's false because the or in the sentence means both can be done, and that's not the case. It cannot be interpreted in a boolean/CompSci/math logic sense because "select certain information" is not a predicate.
In boolean logic, this sentence is true: "In Microsoft Word, the scissors function can be used to select certain information or in Microsoft Word, the scissors function can be used to cut certain information." It's true because the or in this sentence means it's asserted that at least one or the other predicate is true, and that is the case, because the first predicate is true. But that's not the sentence that was in the test question!