In hazardous materials management, what is the purpose of a Material Safety Data Sheet (MSDS)?

The reason providing information on hazards and safety precautions is the correct choice lies in the primary function of a Material Safety Data Sheet (MSDS), which is now referred to as a Safety Data Sheet (SDS) under OSHA's Hazard Communication Standard. The MSDS/SDS serves as a vital document that communicates the specific hazards associated with a chemical substance. It includes detailed information on the product's handling, storage, exposure limits, and first-aid procedures in the event of an incident. This information is crucial for ensuring the safety of those who handle hazardous materials and helps to mitigate risks in the workplace.

The other options do not align with the purpose of an MSDS. For instance, detailing product marketing strategies, listing company financial metrics, or serving as a shipping document are not functions of an MSDS. The focus is strictly on health and safety aspects related to chemicals, ensuring that users are informed about the potential risks and necessary precautions to take when working with these substances.