True or False: The board may refuse to issue a license for good cause shown.

The statement is true; the board has the authority to refuse to issue a license for good cause shown. This ability is crucial in the regulation of professions such as private investigation, where the integrity and qualifications of licensees can significantly impact public safety and trust. The board’s discretion allows it to assess individual circumstances and make informed decisions based on a range of factors such as prior criminal history, lack of qualifications, or other relevant concerns that may affect the applicant's ability to perform their duties ethically and professionally.

The options suggesting otherwise do not align with established regulatory practices—a license cannot merely be denied arbitrarily or without a valid reason rooted in the applicant's qualifications or conduct. Not recognizing the board's authority to refuse licenses lacks an understanding of the regulatory framework designed to uphold industry standards.