Coryton Oil refinery files for bankruptcy

Coryton Oil refinery files for bankruptcy

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the challenges faced by the Thames' last remaining refinery, which is struggling to survive due to ownership issues and financial instability. Local suppliers are not being paid, causing a ripple effect on their businesses. The refinery is crucial for fuel supply in the southeast, and its closure could lead to shortages. Despite the difficulties, there is hope for the refinery's future, as it is considered a viable and profitable business with the right support from customers and suppliers.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concern of the employees at the Thames' last remaining refinery?

The refinery's location

The ownership of the fuel

The future viability of the refinery

The quality of the fuel

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary issue faced by local suppliers due to the refinery's financial situation?

Increased demand for fuel

Unpaid dues from the refinery

Lack of raw materials

High transportation costs

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much of the southeast's fuel supply is the Coryton refinery responsible for?

One-third

One-half

One-tenth

One-fifth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has the company done over the last three years to ensure its profitability?

Expanded its operations

Reduced fuel prices

Increased employee salaries

Implemented an internal restructuring plan

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is necessary for the Coryton refinery to continue its operations?

Reduction in fuel production

Support from customers and suppliers

Government intervention

Closure of other refineries