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Narrative 11-1
Unilever has operations in 150 countries. Recently,Unilever took 100 of these top managers on a jungle retreat to Costa Rica. To the dismay of Unilever's chair,no women were in the group. Upon investigation,he learned that only one woman had even been invited. As the retreat progressed,its participants commented on the richness of diversity in nature and how for anything to grow,there needs to be diversity. These comments caused Unilever's chair to establish an executive committee to examine practical ways to overcome barriers to women's promotion. They decided to avoid setting numerical targets because they encourage positive discrimination and instead examined recruitment and promotion practices.
-Refer to Narrative 11-1. After studying the problem,the executive committee discovered that the company recruited the same number of men and women,but women were not being promoted to the top management positions. Which of the following probably existed?
Short-Term Debt
Financial obligations that are due for repayment within one year.
Return On Total Assets
A financial ratio that measures a company's profitability in relation to its total assets, indicating how efficiently a company uses its assets to generate profit.
Long-Term Debt
Debt obligations of a business that are due after more than one year, used to finance operations or major purchases.
Net Profit Margin Percentage
A profitability ratio that measures the percentage of net income generated from total revenue.
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