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Applications: State the financial management principle that appears to be violated in each of the following...

Applications: State the financial management principle that appears to be violated in each of the following cases and explain how it is violated: (a) A corporation is maximizing sales growth and the price of its corporate stock is falling. (b) A highly paid financial manager in the auto industry quit his job to set up his own small auto repair shop, which is expected to incur a loss for the first three years then earn normal profits.

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