A license may be revoked for which of the following reasons?

The option stating that a license may be revoked if deemed in furtherance of world peace is generally not a valid reason for revoking a license. Licenses are typically related to specific regulatory requirements and compliance standards that are defined by legal and industry norms.

The correct reasoning lies in the other options presented. For instance, a license can indeed be revoked if the applicant or holder refuses inspection. This refusal to comply with regulatory oversight is often indicative of a lack of transparency or adherence to safety and legal standards necessary to maintain the license.

Additionally, failing to pay the required fees associated with maintaining a license can lead to revocation. Such fees are part of the regulatory framework designed to ensure that businesses operate fairly and are held accountable for their responsibilities.

Furthermore, the stipulation regarding U.S. citizenship often plays a role in licensing, particularly in sectors that are closely regulated for national security and public safety reasons. If an applicant does not meet citizenship requirements, this can lead to the denial or revocation of their license.

Understanding these regulatory principles is essential for navigating the compliance landscape, illustrating the importance of adhering to inspection protocols, fulfilling fee obligations, and meeting legal standards regarding citizenship when applying for or maintaining a license.