True or False: Understanding the potential consequences of mixing two chemicals is essential when they are stored in a common area.

Understanding the potential consequences of mixing two chemicals is indeed essential when they are stored in a common area. When different chemicals are stored together, there is a risk that they could unintentionally come into contact with each other. This can lead to dangerous chemical reactions, such as the release of toxic gases, fires, or explosions.

In a shared storage area, it is crucial to have knowledge about each chemical's properties, including its reactivity, potential hazards, and the conditions under which it might react adversely with another substance. This understanding is fundamental to preventing accidents and ensuring safety in the workplace. Proper labeling, segregation, and storage practices are vital components of a chemical safety program to mitigate risks associated with chemical mixing. Thus, the statement is true.