No, you momentarily connect green (power on) to black (ground) to turn the PSU on - if you leave them connected, the PSU will immediately shut off. You can get up to 2A of 5V on the standby line w/o turning it on.
. You should always have a load on switching PSUs, never fire it up without a load. Load should be at least 1-2A on each positive voltage rail 5, 3.3, 12 unless you don't care whether the other voltages work again.
.bh.