In cluster analysis, objects with larger distances between them are more similar to each other than are those at smaller distances

Some mutual companies have gone through a conversion process and have become stock insurance companies. All of the following are advantages of the stock form of organization relative to the mutual form of organization EXCEPT:

(a) the ability to offer stock options may make it easier to attract and retain key personnel (b) it's easier to raise capital as a stock organization (c) stock insurance companies are exempt from state premium taxes and federal income taxes (d) stock insurers have greater flexibility to expand by acquiring other companies

A lease that contains a purchase option must be capitalized by the lessee.

a. true b. false