Answer:
RL intends to and has demonstrated the ability to refinance the short term liability on a long term basis.
Explanation:
First of all, RL intends to refinance the short term liability but has not completed the process yet. What it is showing in the balance sheet is that they have the intention to do it, and that they have already negotiated with their debtors the refinancing procedure, but the procedure is not over yet. Refinancing a debt sometimes may take a long time specially due to legal paperwork (e.g. register an asset as collateral), but RL is showing that the process has already been agreed upon with the creditors and all they need is time to finish it.
The liability insurance does not cover the intentional harm caused by the insured, Employee injuries or illnesses, Illegal acts or wrongdoing in the event of an accident.
<h3>What is a Liability Insurance?</h3>
Liability insurance is a norm to provide the insured party with some conservation against claims resulting from injuries and damage to people or property, covering both legal costs and any payouts for which the insured party would be responsible if found legally liable.
There are two types of liability coverage: bodily injury and property damage. Many states in the US needs liability coverages, subject to limits, which is the maximum amount the insurer will pay when the incident occurs. For example, a car accident can be expensive. This is why there is a limit of compensation which an insurer can offer.
Learn more about Liability here.
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Answer:
True
Explanation:
Organizing as a management function refers to designing and structuring an organization, defining roles and responsibilities and specifying reporting responsibilities. Organizing involves creation of organizational hierarchy and delegation of responsibilities.
In the given case, Eve is involved in redesigning department so as to ensure quick responses and better efficiency. Organizing function of management includes effective deployment of resources for efficient operations.
Thus, Eve's efforts constitute a part of the organizing function of the management.
