Related Words

Standard Operating Procedures: A prescribed written procedure outlining how recurring tasks, duties and functions are to be performed organization-wide.

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 Definition Television (SDTV): SDTV refers to DIGITAL transmissions with 480-line resolution, either interlaced or progressive scanned formats. SDTV offers significant improvement over today's conventional NTSC picture re . . . View Full Definition

Standard Coverage Policy: A standard coverage policy normally insures the title as it is known from the public records. In addition, the standard policy insures against such hidden defects as forged documents, convey . . . View Full Definition

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 Community Rating: A type of community rating in which an MCO considers only community-wide data and establishes the same financial performance goals for all risk classes. Also known as pure community rating.

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 Deviation: Standard deviation is a statistical measurement of how far a variable quantity, such as the price of a stock, moves above or below its average value. The wider the range, which means the gre . . . View Full Definition

Standard Digital Television (SDTV) Resolution: 480i - The picture is 704x480 pixels, sent at 60 interlaced frames per second (30 complete frames per second). 480p - The picture is 704x480 pixels, sent at 60 complete frames per second.

Standard Entropy Of Reaction: A change in entropy associated with a reaction involving substances in their standard states. A superscript circle (°) distinguishes standard enthalpy changes from enthalpy changes which inv . . . View Full Definition