A Brokerage Account in Which the Broker Can Make Buy

question 50

Multiple Choice

A brokerage account in which the broker can make buy and sell decisions for the account holder without notification is called a(n) ______ account.

• A) asset management
• B) discretionary
• C) wrap
• D) advisory
• E) cash

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Definitions:

Monopolistic Competitor

A monopolistic competitor refers to a market structure in which many companies sell products that are similar but not identical, allowing for significant differentiation and some degree of market power.

Product Differentiation

the process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Peak Efficiency

The highest level of performance or productivity that a system, device, or organization can achieve under ideal circumstances.

Price Discrimination

A pricing strategy where different prices are charged for the same product or service in different markets or to different segments of consumers based on demand, market conditions, or other factors.