Final answer:
The statement that Localization Commutes with Homomorphism is True.
Step-by-step explanation:
The statement that Localization Commutes with Homomorphism is True. In mathematics, localization is a process that constructs a new ring by including certain reciprocals of elements in the original ring. A homomorphism is a map between two algebraic structures, preserving their operations. The key property that localization commutes with homomorphism means that if we have a homomorphism between two rings, and localize both rings, then the homomorphism still holds after localization. This property holds for any type of ring, not just commutative rings.