The correct answer is - True.
The strike-slip faults can be found in numerous places around the word, accompanying the plate boundaries. These type of faults are also known with the terms wrench faults, transcurrent faults, or lateral faults.
What is characteristic to this faults is that the rock masses on either side, move in opposite direction to one another, thus slide past each other. With other words, the rock masses are moving in a horizontal manner.
The formation of this type of faults is due to the horizontal compression. Because of the horizontal compression, the energy released from them is also going horizontally, almost parallel to the compression forces.