Ace the New York WGP License 2025 – Patrol Your Way to Success!

Question: 1 / 400

A corporation's PI license can be revoked if ___% or more of the corporate stock is held by a person who does not meet the character standards.

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A corporation's PI license can be revoked if 10% or more of the corporate stock is held by a person who does not meet the character standards. This means that if a person who is deemed unfit to hold a PI license has more than 10% ownership in the corporation, the license may be revoked.

Option A (5%) is incorrect because it is less than the correct answer of 10%. This means that the threshold for revoking a PI license is higher than 5%.

Option C (15%) is incorrect because it is higher than the correct answer of 10%. This means that the threshold for revoking a PI license is lower than 15%.

Option D (20%) is incorrect because it is higher than the correct answer of 10%. This means that the threshold for revoking a PI license is lower than 20%.

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