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State the financial management principle that appears to be violated in each of the following cases and explain how it is violated: (c) A small

State the financial management principle that appears to be violated in each of the following cases and explain how it is violated: (c) A small business has acquired a loan from a local finance company at 20% interest as start-up capital; although a local bank offered to provide a similar loan for 16% interest. Please be detailed, etc. Thank You.

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