1. Explain the differences between fixed and flexible budgets and their relevance in evaluating operational performance. (8 marks) 2. Describe the two main objectives of working capital management? (4 marks) 3. By use of relevant examples, explain the following terms: a. floating lien. (4 marks) b. trust receipt loan. (4 marks) c. warehouse financing. (4 marks) 4. Explain any three functions of the money market. (6 marks)