Final answer:
An agent's license typically expires on the second anniversary of the issue date in many industries, but this can vary by jurisdiction. Real estate agents, for example, commonly need to renew their licenses every two years. Industry and location-specific regulations determine the exact timeframe for renewal.
Step-by-step explanation:
The question pertains to when an agent's license expires within the field of Business, particularly focusing on licenses, regulations, or administrative procedures in industries such as real estate, insurance, or financial services. The answer to the question is dependent on the specific industry and jurisdiction regulations as the renewal period can vary. Generally, licenses must be renewed every few years to ensure that agents remain up-to-date with current laws and regulations.
Without more context, it's difficult to provide an exact answer. However, if we are referring to real estate in many states in the United States, for example, the correct answer is often the second anniversary of the date the license was issued (option b). Agents are typically required to complete continuing education and other requirements before they can renew their licenses. Each state has its own specific rules about license expiration and renewal, and agents need to be aware of these to maintain their eligibility to practice.