As they apply to knowing your customer and making recommendations which of the following are true

statements?

The term investment strategy applies to recommendations to buy and sell only.

II$.$ The term investment strategy applies to recommendations to buy, hold and sell.

III. Only financial considerations such as income and net worth should be considered when making

recommendations.

IV$.$ Nonfinancial considerations such as marital status and age should be considered as well as

financial considerations when making recommendations.