Wrong.
The Mass Transfer tool allows to transfer multiple Accounts, Leads, Service Contracts, and Custom Objects from one user to another.
When transferring Accounts, you can choose if you want to transfer open Opportunities owned by other users that are associated with the account, by selecting “Transfer open opportunities not owned by the existing account”.
When tranferring Leads to a user, open activities are transferred, but not when transferring Leads to a queue.
Link to Salesforce Help : Mass Transfer Records
Right.
The Mass Transfer tool allows to transfer multiple Accounts, Leads, Service Contracts, and Custom Objects from one user to another.
When transferring Accounts, you can choose if you want to transfer open Opportunities owned by other users that are associated with the account, by selecting “Transfer open opportunities not owned by the existing account”.
When tranferring Leads to a user, open activities are transferred, but not when transferring Leads to a queue.
Link to Salesforce Help : Mass Transfer Records