Step 1: Understanding the Concept:
Enzyme inhibitors can block biochemical pathways by binding to active sites or altering essential functional groups.
Step 2: Detailed Explanation:
Assertion (A) is correct because iodoacetate is a well-known, potent, and selective irreversible inhibitor of glyceraldehyde-3-phosphate dehydrogenase (GAPDH), an essential enzyme in the glycolytic pathway.
Reason (R) is incorrect because iodoacetate does not act as a chelating agent.
Instead, it is an alkylating agent that covalently reacts with the highly reactive sulfhydryl (\(\text{-SH}\)) group of the essential cysteine residue (Cys-149) in the active site of GAPDH.
This covalent modification prevents the enzyme from binding to its substrate.
Other glycolytic inhibitors, like fluoride, work by chelating magnesium (\(\text{Mg}^{2+}\)) ions to inhibit the enzyme enolase, but this mechanism does not apply to iodoacetate.
Step 3: Final Answer:
Thus, Assertion (A) is true but Reason (R) is false.