New York Watch, Guard, or Patrol Agency (WGP) License Practice Exam

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.

1. 5

2. 10

3. 15

4. 20

The correct answer is: 10

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%.