Governments Can Impose License Fees That Exceed the Cost of Administering

question 30

True/False

Governments can impose license fees that exceed the cost of administering the license and can use the money for the general operation of the government.

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Definitions:

Default

The failure to fulfill an obligation, especially failing to pay back a loan on time.

Surety

is a person or entity that takes responsibility for another's performance, such as fulfilling the terms of a contract or repaying a loan.

Default

Failure to fulfill a legal obligation or agreement, such as not making a payment on a loan by the due date.

Obligation

A duty or commitment to fulfill a contractual, legal, or moral requirement.