VOICED : Brasil petrolera OGX tambalea

VOICED : Brasil petrolera OGX tambalea

Assessment

Interactive Video

Business, Social Studies

9th - 12th Grade

Hard

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OGX, a Brazilian oil company owned by Eike Batista, failed to renegotiate its $3.6 billion debt, risking bankruptcy. Analysts expect OGX to seek legal protection to avoid this. Founded in 2007, OGX's decline began with unmet production promises. Batista, once the world's seventh richest man, has seen his fortune dwindle due to falling stock prices.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the estimated debt of OGX in international bonds?

$4.6 billion

$3.6 billion

$2.6 billion

$1.6 billion

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of OGX's potential bankruptcy?

It would be the largest in Latin American history.

It would be the largest in Asian history.

It would be the largest in European history.

It would be the largest in North American history.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What legal action is OGX expected to take to avoid bankruptcy?

Seek international investment

File for judicial protection

Merge with another company

Sell off its assets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what year was OGX founded?

2005

2006

2008

2007

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Eike Batista's estimated fortune before his financial decline?

$40 billion

$30 billion

$20 billion

$10 billion