What is the report requested when the licensee has conducted no business during each six-month period?

The correct answer is the Zero Report, which is a document that a licensee submits to report that no business activities were conducted during a specific time frame, usually a six-month period. This report serves as a formal notification to the regulatory body that the licensee has not engaged in any transactions or activities that would require reporting. Submitting a Zero Report is often a compliance requirement, ensuring that the licensing authority has accurate records of licensee activity and can identify those who are inactive.

In this context, other options may be present, but they do not align with the specific terminology and requirements used by the regulatory agency. A Null Report and Inactive Report are not standard terms in this context and may lead to confusion regarding the reporting obligations. The Business Activity Report implies engagement in business activities, which does not apply when there are none to report. Thus, the Zero Report is the appropriate and recognized term for indicating that no business has been conducted.