The statement that alleles on homologous chromosomes determine traits, correctly describes the mechanism of inheritance.
Homologous chromosomes are defined as a pair of chromosomes which have the genes arranged on them in the same order however the alleles may be different.
The chromosome pair of homologous chromosomes is formed because a diploid organism has one paternal and one maternal chromosome, and when these 2 chromosomes pair together we get a homoglous chromosmes.
The variants of a particular gene present on the chromosome are known as alleles.
The combination of the alleles transferred from the parents to the offspring is responsible for the inheritance of traits.