Final answer:
Failing to produce training records during an inspection can lead to fines and penalties, as these records are crucial for demonstrating regulatory compliance.
Step-by-step explanation:
If you cannot produce training records during an inspection, it may result in fines & penalties. Training records are essential for demonstrating compliance with various regulatory requirements. Failing to provide these records when asked during an inspection suggests non-compliance, and as a consequence, enforcement actions such as fines can be imposed.
In certain regulated industries, it is a legal requirement to maintain and provide access to training records, and therefore neglecting this responsibility can be a significant issue.