Which statement is true regarding compliance with hazardous materials regulations?

The statement that non-compliance can result in severe penalties is accurate. Hazardous materials regulations are established to ensure public safety, environmental protection, and the well-being of employees handling these materials. When businesses fail to comply with these regulations, they can face significant consequences, including hefty fines, legal action, and in some cases, the suspension of operations. The objective of these regulations is to minimize risks associated with the transportation, handling, and disposal of hazardous materials. Therefore, it is critical for all entities, regardless of size, to adhere to these regulations to prevent dangerous incidents and ensure safety.

The other statements do not reflect the reality of hazardous materials compliance; it's not optional, is mandatory for businesses of all sizes, and individual safety plans are indeed required for handling hazardous materials.