All of the following are true statements about managed wrap accounts EXCEPT: A a single annual fee is charged for account maintenance B no separate commission charges are imposed for each transaction performed in the account C no separate charges are imposed for safekeeping of securities in the account D no options transactions are permitted in such account types

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions