Typhoon!

Correctly answer the question for the amount of

points it is worth.

A typhoon means you can choose another team

to go back to 0 points.

A bomb means you go back to 0 points.

A B Q Y X

100 100 100 100 100

200 200 200 200 200

300 300 300 300 300

400 400 400 400 400

500 500 500 500 500

 A - 100

A ………………is a statement that shows the value

of a company's assets (= things of positive value)
and its debts

balance sheet

selection screen
 A - 200
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Shares can only be issued to equal the total face

value of all the shares of the company, as set
out in the Memorandum of Association.

nominal capital
 A - 300
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The company Articles may allow directors to

raise capital by selling shares.

issuing
 A - 400
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If more shares are applied for than the company

has to offer, the company can divide out the
shares.

Allot/ allocate
 A - 500
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 B – 100
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Someone who owns shares is known as a

shareholder

member of the company

 B - 200
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The ownership of share is generally evidenced by a

receipt.

share certificate
 B - 300
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 B - 400
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The Companies Act requires 75% of the

shareholders to show their opinion about a
special proposal to change the company
Articles.

vote on/ resolution

 B - 500
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The company will announce publicly that

shareholders are going to be paid a proportion
of the company’s profits.

declare/ a dividend
 Q - 100
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T Current holders of shares may use their

entitlement to by newly issued shares before
they are offered to new shareholders.

exercise the right

 Q - 200
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 Q - 300
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You can postpone paying in full for the shares

until the company requests the unpaid sum.

defer payment
 Q – 400
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The company can offer shares for sale at a

higher value than their par value

issue/ at a premium price

 Q – 500
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A … … is mortgage on an asset that changes in

quantity or value from time to time (such as
stock), to secure the repayment of a loan.

floating charge
 Y - 100
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A … … is a mortgage on a specific fixed-asset

(such as a parcel of land) to secure the
repayment of a loan.

fixed charge
 Y – 200
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…. is a process of floating charge converting into

fixed charged.

Crystallization
 Y - 300
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 Y – 400
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Being …. is unable to pay its debt

insolvent
 Y - 500
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 X - 100
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 X – 200
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The company’s share asset value is 100K USD

divided into 10000 shares of 10 USD each.

capital
 X - 300
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He had to ….. his house to borrow money from

the bank.

mortgage
 X – 400
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When the shelf company is bought, the …… is

usually changed

trading name
 X - 500
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When you buy a shelf company, you also

acquires the Certificate of ……

Incorporation