Jing Statistical Services Operates a Website That Links Experienced Statisticians

question 96

Multiple Choice

Jing Statistical Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians post their rates, qualifications, and references on the website, and Jing receives 25% of the fee paid to the statisticians in exchange for identifying potential customers. VetMed Associates contact Jing and arranges to pay a consultant $1,500 in exchange for analyzing some data. Jing's income statement would include the following with respect to this transaction:

• A)Revenue of $1,500.
• B)Revenue of $1,500, and cost of services of $1,125 (= 75% x $1,500).
• C)Revenue of $375 (= 25% x $1,500).
• D)None of the other answers is correct.

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Definitions:

Stage of Morality

Refers to levels of moral development individuals go through as they progress in making ethical decisions.

Self-interest

The focus on one's own advantage and well-being without necessarily considering the impact on others.

Stage of Morality

Concept in moral development theory that classifies individuals' reasoning about ethical and moral issues into distinct levels or stages.

Postconventional

A stage of moral development in which an individual's moral reasoning is based on principles that transcend societal and personal norms.