performance standard

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• performance standard — In standard costing, the standard level of performance to be achieved during a period. For example, a standard performance for direct labour of two standard hours to complete a task would be combined with the rate per standard hour for labour to… …   Accounting dictionary

• performance standard — In standard costing, the standard level of performance to be achieved during a period. For example, a standard performance for direct labour of two standard hours to complete a task would be combined with the rate per standard hour for labour to… …   Big dictionary of business and management

• Minimum energy performance standard — MEPS (Minimum Energy Performance Standard) is a specification containing a number of performance requirements for an energy using device, and that effectively limits the maximum amount of energy that may be consumed by a product in performing a… …   Wikipedia

• New Source Performance Standard — New Source Performance Standards (NSPS) are pollution control standards issued by the United States Environmental Protection Agency (EPA). The term is used in the Clean Air Act Extension of 1970 (CAA) to refer to air pollution emission standards …   Wikipedia

• Emission performance standard — An emission performance standard is a method of controlling the amount of pollution emitted by electricity producing facilities by setting a limit on the amount of emissions which can be produced per unit of electricity generated. While emission… …   Wikipedia

• absolute performance standard — A standard set at the theoretical limit of performance. For example, in manufacturing, the theoretical quality standard of zero defects , which it is impossible to improve on, might be set as the absolute performance standard. Such standards may… …   Big dictionary of business and management

• Absolute Performance Standard — A way of measuring an organization s progress and how effective and efficient it is at running its business. The absolute performance standard is a benchmark for quality control that is only attainable in theory. However, it is a good way to… …   Investment dictionary

• standard performance — standard operator performance A concept used in work measurement to achieve comparability between a range of observations, for determining standard overhead costs, and as the basis for the calculation of some performance related bonus schemes.… …   Big dictionary of business and management

• Performance measurement — with a process is the complement to process execution. Based on measured performance, the feedback control loop may be closed. The metrics to assess performance is set according to a determined econometric model. The expected best result is… …   Wikipedia

• Performance attribution — or Investment Performance Attribution is a set of techniques that performance analysts use to explain why a portfolio s performance differed from the benchmark. This difference between the portfolio return and the benchmark return is known as the …   Wikipedia

• standard performance — standard operator performance A predetermined level of performance for an operator or a process used as a basis for determining standard overhead costs. For example, standard performance may be expressed as the number of units of production per… …   Accounting dictionary