Final answer:
Transform faults can generate tsunamis under certain circumstances, contrary to the statement. Other factors, such as the fault intersecting with a subduction zone or thrust fault, can contribute to tsunami generation.
Step-by-step explanation:
False. Transform faults can generate tsunamis under certain circumstances. While it is true that the side-to-side movement of these faults does not change the volume of the ocean basin, other factors can contribute to tsunami generation.
For example, if the transform fault intersects a subduction zone or a thrust fault, the rapid displacement of water caused by the earthquake can generate a tsunami.