Industry Standards

American Business Press, Inc.
An organization representing trade magazines and business publications to promote best practices and uphold standards within the industry. Now known as Connectiv, the association aims to provide valuable professional resources and advocacy for its members.
Best Practices
Best practices are industry-standard methods and procedures that are established as the most effective way to achieve a desired outcome. Consultants evaluate various firms to gather and share these practices.
Flat Scale
In industry and labor contexts, 'Flat Scale' refers to a uniform rate of pay that does not take into account the volume, frequency, or other variance factors.
National Bureau of Standards
Established by an Act of Congress in 1901, the National Bureau of Standards conducts research providing groundwork for the nation's physical measurement system as well as scientific and technological services for industry and government.
Professional Association
A Professional Association refers to a formal organization of professionals within a specific industry or profession, typically designed to provide networking opportunities, continuing education, and policy advocacy. This organization is crucial for maintaining standards, ethics, and ongoing professional development within various fields such as law, medicine, accounting, and engineering.
Standard
A standard is an established and fixed measure or norm used in assessing quality or performance. Standards ensure consistency, reliability, and quality across various domains, such as products, processes, or services.

Accounting Terms Lexicon

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