At this click path Setup > App Setup > Customize > Tab Names and Labels > Rename Tabs and Labels you can rename the Tab Names of standard objects.
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A. B.A.
The statement is true.
As a Lightning Experience administrator, you can customize the Tab Names and Labels for standard and custom objects in Salesforce. You can do this by navigating to the "Rename Tabs and Labels" page in the "Tab Names and Labels" section of the "Customize" menu in the App Setup.
Here's a step-by-step guide on how to rename tabs for standard objects:
Log in to your Salesforce org and navigate to Setup by clicking on the gear icon in the upper-right corner of the screen.
From the Setup menu, go to "App Setup" and select "Customize."
In the "Customize" section, click on "Tab Names and Labels."
On the "Tab Names and Labels" page, select "Rename Tabs and Labels."
On the "Rename Tabs and Labels" page, you will see a list of standard and custom objects. Find the standard object whose tab you want to rename and click on the "Edit" link next to it.
In the "Rename Tab" dialog box, enter the new name for the tab in the "Tab Label" field.
Click "Save" to save the new tab name.
Note that changing the name of a standard object tab can have implications for reports, dashboards, and other features that use that object. Make sure to communicate any changes to your users and consider training and documentation updates as needed.