Step 1: Locate the points where the inner function blows up.
Write \(w=1/z\). The function \(\cos(1/z)=\cos w\) vanishes whenever \(w=\frac{\pi}{2}+k\pi\) for integer \(k\), that is at \(z_k=\frac{1}{\frac{\pi}{2}+k\pi}=\frac{2}{(2k+1)\pi}\).
Step 2: Check whether these points accumulate at z = 0.
As \(k\to\infty\), \(z_k\to 0\), so infinitely many points \(z_k\) lie in every punctured disk around \(z=0\). At each \(z_k\), \(\cos(1/z)\) has a simple zero, so \(1/\cos(1/z)\) has a pole there, and \(\sin\big(1/\cos(1/z)\big)\) has an essential singularity at each \(z_k\).
Step 3: Conclude on statement (I).
Since the singular points \(z_k\) cluster at \(z=0\), no punctured neighborhood of \(z=0\) is free of other singularities. Hence \(z=0\) is a non-isolated singularity, not an isolated one. Statement (I) is false.
Step 4: Expand \(1/(z\sin z)\) for statement (II).
Only \(z=0\) lies inside \(|z|=1\) (the next zero of \(\sin z\) is at \(z=\pi>1\)). Near \(z=0\),
\[\sin z = z-\frac{z^3}{6}+\frac{z^5}{120}-\cdots \implies \frac{\sin z}{z}=1-\frac{z^2}{6}+\frac{z^4}{120}-\cdots\]
so
\[\frac{1}{z\sin z}=\frac{1}{z^2}\cdot\frac{1}{1-\frac{z^2}{6}+\cdots}=\frac{1}{z^2}+\frac{1}{6}+\frac{7z^2}{360}+\cdots\]
Step 5: Read off the residue.
The function \(1/(z\sin z)\) is even (only even powers of \(z\) appear), so the coefficient of \(z^{-1}\) is \(0\). By the residue theorem,
\[\oint_{|z|=1}\frac{dz}{z\sin z}=2\pi i\cdot(\text{Res}_{z=0})=2\pi i\cdot 0=0.\]
Statement (II) is true.
Conclusion: (I) is false and (II) is true, so only (II) holds.
\[\boxed{\text{Only (II)}}\]