Final answer:
DNA polymerase III is the enzyme required for DNA synthesis, while DNA polymerase I and DNA polymerase II are primarily required for repair.
Step-by-step explanation:
In prokaryotes, DNA polymerase III (DNA pol III) is the enzyme required for DNA synthesis, while DNA polymerase I (DNA pol I) and DNA polymerase II (DNA pol II) are primarily required for repair.
Unlike DNA pol III, DNA pol I is a monomeric protein with 5'→3' exonuclease activity that removes RNA primers at the terminal end of DNA. DNA pol I also possesses polymerization and proofreading activity.
On the other hand, DNA pol II is an oligomeric protein that aids in DNA repair processes. Therefore, the statement 'only DNA pol III can initiate DNA synthesis' is true.