Under both federal and state law, the concept of a discretionary account is defined. It would be considered discretion when an agent:
A) picks the specific security that is the subject of a transaction.
B) can decide the specific price.
C) can decide the specific time at which the transaction will be made.
D) makes the decisions in the account once the client assures the agent that the proper authorizations are in the mail.
Answer: A) picks the specific security that is the subject of a transaction.