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Which statement below is a correct description of the group polarization effect?
Factoring Receivables
The financial transaction of selling accounts receivable to a third party (factor) at a discount to obtain immediate cash.
Factor
An element or component that contributes to a particular result or situation.
Bad Debts
Accounts receivable that are considered to be uncollectible, representing losses to the company.
Promissory Note
A monetary tool that includes a formal pledge from one entity to another to pay a certain amount of money, either when asked or on a predetermined date in the future.
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