Let V be an inner product space and $S = \{\alpha_{1}, \alpha_{2}, \dots, \alpha_{m}\}$ be a finite subset of V. If S is an orthonormal set, then consider the following statements:
I: $||\alpha_{i}|| = 1$ for each $\alpha_{i} \in S$
II: $(\alpha_{i}, \alpha_{j}) = 0$ for $\alpha_{i}, \alpha_{j} \in S, i \neq j$.
Which of the following is correct?