Universal Container’s Salesforce Admin set the organization wide default for the account object to private and the role hierarchy is enabled. What does this mean? (Choose two options)

Answer options:

A.Any manager can access the account record since the role hierarchy is enabled
B.Any account owner can see the record
C.The manager of the account owner can access the record
D.Only the owner of the account can see the record

Correct Answer: C & D 
The organization wide default for the account object is set to private so that only the account owner will be able to see the record. Since the role hierarchy is enabled, the manager of the account owner will be able to see the record as well. 
Option A is incorrect because the role hierarchy gives access to the manager record owner, not the manager. 
Option B is incorrect because the organization wide default is restrictive, so only the account owner will see his records. 
Reference: 

https://help.salesforce.com/articleView?id=admin_roles.htm&type=5