Clustering Assigns Records to One of a Predefined Set of Classes

question 53

True/False

Clustering assigns records to one of a predefined set of classes.

---

Definitions:

Financial Lease

A type of lease in which the lessee essentially takes on the benefits and risks of owning the asset, although legal ownership is retained by the lessor.

Interest Rates

The percentage charged on the total amount borrowed or paid on investment, typically expressed annually.

Notes

Financial statements’ supplementary information, detailing the specific accounting policies, methodologies, and any additional information required for a full understanding of the financial position and performance.

Loans

Money lent to individuals, businesses, or other entities with the expectation of repayment with interest.