Exxon Experienced an Unforeseen Oil Rig Malfunction in the Gulf

question 29

Multiple Choice

Exxon experienced an unforeseen oil rig malfunction in the Gulf of Mexico. A connection at the floor of the gulf ruptured, pouring millions of gallons of crude oil into the gulf waters and causing extensive damage to shorelines and wildlife. What type of crisis did Exxon face?

• A) Corruption crisis
• B) Victim crisis
• C) Preventable crisis
• D) Accident crisis

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Definitions:

Capital Gains

The profit made from selling an asset at a higher price than its purchase price.

Payout Ratio

A financial metric that shows the percentage of a company's earnings paid to shareholders as dividends.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.

Stockholders

Stockholders, also known as shareholders, are individuals or entities that own one or more shares of stock in a public or private corporation.