Vocabulary Financial crises To go public when To fi le for - - PowerPoint PPT Presentation

Vocabulary

To file for bankruptcy (n) | To go bankrupt (v) | Bankrupt (adj) – unable to pay debts, the business shuts down.

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Financial crises

Stock (n) – part ownership

• f a company

Wall Street To go public – when a company sells its stock to the public

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To be in charge of something/someone (i) – to be in control or responsible for something/someone. To call the shots (i) – to make important decisions, to have the authority or power, to be in charge of.

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To tank (s)(v) – to fail completely, to crash. To cook the books (i)(s) – to change facts or figures dishonestly or illegally (financial fraud) on the financial statements (balance sheet)

• f a company. To manipulate financial information.

A fat cat (s)(n)(negative) – a wealthy man, selfish, greedy.

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To cover something up (pv) – to hide, conceal or disguise something. A bad apple (i)(s) – a bad or corrupt person in a group who has a negative effect on everyone else in that group.

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To go out of business (i) – when a company fails, goes bankrupt, and shuts down. To be in the red (i) – to lose money. Antonym: To be in the black.

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To fight a losing battle (i) – to try hard to do something when there is a very small chance of success. A shot in the dark (i) – a random guess, or a hopeful attempt (small chance of success).

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To turn something around (pv) – to change a negative situation to a positive situation. To throw in the towel (i) – to give up, to admit defeat (boxing).

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Every cloud has a silver lining (p) – there’s always hope, every negative situation has a positive aspect. Synonym: When one door closes, another door opens. To be out of a job (i) – to be unemployed. Synonym: To be in between jobs, to be out of work.

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To look up to someone (pv) – to admire and respect someone. To build/start something from scratch (i) – to start/build something from nothing, or the very beginning. To be (flat) broke (s)(adj) – to have no money.

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To go from rags to riches (i) – to start life poor and then become rich (or famous). To be set for life (i)(adj) – to have enough money for a lifetime. To make a killing (i) – to win or earn a large amount of money, usually in a short period of time.

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To hang up one’s hat (i) – to end one’s career, to retire. Easier said than done (p) – (truth) it’s easier to talk about something but much more difficult to really do it. Something/someone is like finding a needle in a haystack (i) – something/someone that is really difficult or impossible to find.

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To have big shoes to fill (i) – to have big expectations to fulfil because the person that came before was very successful or did a great job. Usually when another person is taking over a position. To be set in stone (i)(adj) – something that is certain, permanent. Therefore it cannot be changed.

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The bottom line (i) – the conclusion, the final result, the ultimate decision, the main point. To bring something/someone to the table (i) – to provide something that will be beneficial, to contribute something to the group.

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Discuss

1. What are you in char in charge of ge of in your company? 2. Who cal alls the shots ls the shots in your current or previous relationships? Do you enjoy cal alling the shots ling the shots? 3. Has anything tanke tanked d recently (stock prices, companies, gas prices, markets, industries, countries)? 4. Do you know any company that cooke

• ked the b

d the books

• ks? Did they try to cover it
• ver it

up up? What happened? Was there a scandal? 5. If you were a team leader, and you had a b a bad apple ad apple in your group, what would you do? 6. Do you know any companies that went out of business

• ut of business?

7. Do you know any companies that are in the r in the red d but successful? 8. Have you ever fought a losing b a losing battle attle? What happened? Did you win? 9. Do you know any story where a new leader turne turned d things ar around

• und?
• 10. Do you know any sports idioms like thr

throw in the towel

• w in the towel in your language?

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Discuss

1. Do you believe that ‘every cloud has a silver lining every cloud has a silver lining’ or ‘when one do when one door

• r

closes, another do closes, another door op

• r opens

ens.’? Have you experienced this situation? 2. Who do you lo look up to

• k up to? Why?

3. Do you know anyone who started their own business fr

• wn business from scr
• m scratch

atch? 4. Have you ever been br broke

• ke in your life? How did you overcome it?

5. Do you know anyone who went fr went from r

• m rags to riches

ags to riches? 6. How much money do you need to be set for life e set for life? 7. Have you ever made a kil made a killing ling in the stock market, business investment or gambling? 8. At what age do you want to hang up your hat? hang up your hat? 9. What are some things that are easier said than done? asier said than done?

• 10. Have you been in a situation where you had big sho

big shoes to es to fi fill?

• 11. If you were in a job interview for your dream job, and the interviewer asked

you what you bring to the table you bring to the table? How would you respond?

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