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Which moral philosophy evaluates the morality of an action on the basis of principles or rules designed to promote the greatest overall utility rather than by examining situations individually?
Factoring Fee
A charge assessed by a factoring company for providing cash advances to businesses by purchasing their accounts receivable at a discount.
Accounts Receivable
Outstanding payments due to a firm from its clients for delivered services or products yet to be settled.
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.
Credit Sales
Sales in which revenue is recognized at the point of sale but payment is deferred.
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