4. The difference between working capital management and capital budgeting is: (5 Points) a. Working capital management has a long term focus, while capital budgeting is focused on a short-term timeframe b. Working capital management evaluates projects that add value to a firm, while capital budgeting focuses on expanding current assets of a firm. c. Working capital management concentrates on maximizing current assets, while capital budgeting concentrates on minimizing current llabilities. d. Working capital focuses on current assets and liabilities, while capital budgeting concentrates on long- term project evaluation e. As both deal with capital, there are no material differences between the functions