The Matthew Effect Is Essentially Like

question 42

Multiple Choice

The Matthew effect is essentially like:

• A) getting promoted because of who you are and not based on your achievements.
• B) birds of a feather flock together.
• C) the blind leading the blind.
• D) rejection during a lover's spat.

---

Definitions:

Incremental Costs

Incremental costs are the additional costs that are incurred from producing an additional unit of product or making a decision.

Incremental Revenue

The increase in income resulting from a specific business decision, distinct from the company's base revenue level.

Overhead

Overhead refers to the ongoing administrative and general expenses of a business that are not directly tied to a specific product or service production but are necessary for the business's operations.

Direct Labor

The labor costs directly tied to the production of goods or services, which can be directly attributed to specific units of production.