Cluster Analysis Identifies Objects or Individuals That Are Similar to One

question 14

True/False

Cluster analysis identifies objects or individuals that are similar to one another in some respect.

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Definitions:

Accounting Firm

An accounting firm is a business that provides services related to accounting, including audit, bookkeeping, tax preparation, and financial consultancy.

Service Company

A business that provides intangible products or services to customers.

Calculated Manually

A process or calculation done by hand or without the use of automated tools or software.

QuickBooks

An accounting software package developed and marketed by Intuit, aimed primarily at small and medium-sized businesses.