Which statement is true regarding the On Initialize lifecycle event?

The On Initialize lifecycle event is indeed triggered before the Screen or Block is rendered and before any data fetching. This timing is crucial because it allows developers to set up any necessary logic, initialize variables, or configure settings that need to take place prior to displaying content to the user. Since this event occurs at the very beginning of the lifecycle, it provides a clean slate for any required preparations before the user interface is drawn and any data is loaded.

This pre-rendering stage ensures that when the Screen or Block is ultimately displayed, all necessary variables and settings are already in their correct state without any interference from rendering processes or data fetching activities. Therefore, developers can confidently establish any conditions, criteria, or localized configurations that need to be in place beforehand, setting a solid foundation for the user experience.

The other options describe events that take place at different stages in the lifecycle—after rendering or data fetching—which do not align with the On Initialize event's primary function of initial setup.