  The question whether the linear absorption spectra of metal clusters can be
interpreted as density oscillations (collective ``plasmons'') or can only be
understood as transitions between distinct molecular states is still a matter
of debate for clusters with only a few electrons. We calculate the
photoabsorption spectra of Na2 and Na5+ comparing two different methods:
quantum fluid-dynamics and time-dependent density functional theory. The
changes in the electronic structure associated with particular excitations are
visualized in ``snapshots'' via transition densities. Our analysis shows that
even for the smallest clusters, the observed excitations can be interpreted as
intuitively understandable density oscillations. For Na5+, the importance of
self-interaction corrections to the adiabatic local density approximation is
demonstrated.
