Which statement regarding the On Initialize lifecycle event is true?

The On Initialize lifecycle event is designed to occur before the Screen or Block is rendered and prior to any data being fetched. This timing is crucial because it allows for the initialization of variables, setting up default values, and any necessary preparations that need to occur before the user sees the UI. This event acts as a point of setup, ensuring that all required configurations and initial states are appropriately established before the rendering process begins.

By executing code in the On Initialize event, developers can prepare the interface and make decisions based on any initial conditions. It is particularly useful when you want to define the initial state based on user roles or application logic that needs to be processed before any interaction with the user occurs.

This understanding of the On Initialize event is key for managing how applications behave upon loading, and it highlights the significance of sequencing in the application's lifecycle for a smooth user experience.