Under the Hazard Communication Standard, a Material Safety Data Sheet

question 196

Multiple Choice

Under the hazard communication standard, a material safety data sheet must identify:

• A) the chemical
• B) the chemical's exposure limits
• C) the chemical's cancer dangers
• D) precautions for safe handling and use of the chemical
• E) all of the other specific choices must be identified

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, leading to a decrease in per unit cost with an increase in production.

Least Cost

The process of minimizing expenses involved in producing a good or service while maintaining its quality and efficiency.

Minimum Efficient Scale

The smallest amount of production a company can achieve while still taking full advantage of economies of scale with regards to minimizing its costs.

Long-Run ATC

The average total cost of production when all inputs, including capital, are variable and the scale of production can change.