Simplex Games, a Not-For-Profit Entity Organized to Provide Athletic Competition

question 33

Multiple Choice

Simplex Games, a not-for-profit entity organized to provide athletic competition opportunities for high school students, utilizes a number of volunteers in carrying out its mission.At the 2011 Games 50 volunteers provided a total of 1000 hours of service performing tasks such as picking up litter and delivering water to the athletes.A local CPA firm donates its services to prepare the annual tax return and other federal and state required paperwork which must be filed to maintain its status as a tax-exempt organization.During 2011 the CPA firm provided 50 hours of service.If purchased, the CPA services would have cost $60 per hour and the game workers would have cost $6 per hour.How much contributed service revenue should Simplex Games recognize in 2011?

• A)$9,000.
• B)$6,000.
• C)$3,000.
• D)$0.

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Definitions:

Symbol of Love

An object or sign that represents affection or care towards others.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, used in behavioral psychology studies.

Schedule of Reinforcement

In behavior analysis, the strategy used in reinforcing behavior, which includes various methodologies like fixed-ratio, variable-ratio, fixed-interval, and variable-interval schedules.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, commonly used in behavior modification.