A Brokerage Account in Which the Account Holder Is the Sole

question 99

Multiple Choice

A brokerage account in which the account holder is the sole person responsible for making transaction decisions is known as a(n) ______ account.

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

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Definitions:

Company Information

Details and data related to a business entity, including its financial performance, organizational structure, strategy, and market position.

Outsourcing

The practice of hiring external firms or individuals to perform services or create goods that traditionally were performed in-house.

Security Risks

Potential threats that could compromise the safety and security of individuals, data, or physical assets.

Service Risks

Service risks are potential threats or vulnerabilities that can affect the delivery or quality of services offered by a business or organization.