Related Words

Standard Costs: Investment approach that advocates a firm should accept or reject a project by comparing it with securities in the same risk class.

Standard Costs Plus Variances: A target or average cost that can be used either to value inventory or as a basis of comparison with actual costs. Standard costs can often be used to calculate cost of sales, in which case . . . View Full Definition

Standard Deduction: The method of calculating cost of sales that compares the amounts of materials, direct labor and overhead projected in the Cost of Sales assumption (the standard costs) to expenses allocated . . . View Full Definition

Standard Industrial Classification (SIC): In statistics, a measure of the possible error in an estimate. Plus or minus 2 standard errors usually provides a 95% confidence interval.

Standard Lens: Lens with a focal length approximately equal to the diagonal of the film format with which it is used.

Standard Hydrogen Electrode: A platinum electrode that runs the half reaction 2 H+(aq, 1M) + 2 e- rightarrow H2(g, 1 atm), chosen as a reference for cell voltages. The electrode potential of the standard hydrogen electr . . . View Full Definition

Standard Exchange: A vacation exchange request made by telephone or mail for travel dates between 24 months and 45 days prior to the week of travel.

Standard Error: The estimated standard deviation of a statistic (margin of error). Standard error of a sample mean equals sample standard deviation divided by the square root of the sample size.

Standard Match Type: An option within Sponsored Search that specifies how search terms are matched to ads. Ads that use the standard match type are displayed for exact matches to your keywords, as well as for si . . . View Full Definition

Standard Method: A tidal datum computation method. Generally used for the West Coast and Pacific Island stations. Values needed are mean tide level (MTL), mean range of tide (MN), great diurnal range (GT), a . . . View Full Definition