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A 'Hazard Statement' on a label is specifically designed to convey the unique risks associated with a chemical. This statement succinctly describes the precise nature of the hazards that the chemical poses, such as whether it is flammable, toxic, corrosive, or an irritant, among others.
This information is crucial as it helps workers understand the potential dangers they may encounter when handling the chemical, allowing for proper precautions and safety measures to be put in place. It ensures that individuals can make informed decisions about how to protect themselves and others when using or being exposed to the chemical in question.
The other choices do not accurately capture the purpose of a Hazard Statement. The chemical's intended use pertains to its application rather than its risks. The manufacturer's reputation for safety and the approximate cost of the chemical are irrelevant to hazard communication and do not provide any information about the safety or potential health impacts associated with the chemical. Thus, the focus of the Hazard Statement remains squarely on informing users of the specific hazards involved.