"Investment discretion" refers to which of the following?
I. when a manager makes decisions regarding the purchase of equities for an account that someone is responsible for managing
II. when a manager writes an opinion piece about a particular sector for a financial journal
III. when a manager has the authority to determine which bonds are sold for the account it manages
IV. when a manager goes on a roadshow seeking to raise additional assets
A) I and III
B) I and IV
C) II and III
D) II and IV
Answer: A