The government enacted a policy change requiring retailers to include new details in firearm sales reports.Loxy's Rifles Inc.,unaware of the new requirements,was fined for noncompliance and immediately paid a $5,000 fine.Which of the following best describes the reason Loxy received and promptly paid the fine?
A) Opposition to the change of law led to the fine; paying the fine saved interest.
B) Loxy's is lobbying the government and must pay the fine to attend meetings.
C) Loxy's is not concerned with compliance; fines are tax-deductible.
D) Ignorance of the law led to the fine; ignoring fines leads to harsher penalties.
Correct Answer:
Verified
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