A standard lease agreement is a month-to-month agreement between a tenant and landlord, but may differ in terms and legal rights. Parties can change status each month, with notice required for moving or changing terms. Contracts may include limits on pets, occupancy, and liability. Clear agreements benefit both parties, and canned agreements should be checked […]
Standard English is the most commonly accepted form of English in a region, established through consensus rather than governing bodies. Differences exist between standard forms in different countries, and regional dialects are compared to the standard. Standard English is not imposed, but seen as best practice, and can refer to pronunciation and writing standards. Standard […]
Standardized tests are multiple choice exams used to assess progress in schools and place students in suitable programs. They are cheap and quick but criticized for being biased, simplistic, and not measuring individual performance. High-stakes testing is also controversial as it can determine a student’s future without considering other factors. The standardized tests take the […]
The Standard Catalog of World Paper Money is a three-volume guide to paper bills, organized alphabetically by country of origin. It contains photographs, identifying information, current market value, and appendices. The catalog is commonly used by collectors and is classified primarily according to its condition. The first issues were compiled by Alfred Pick, who devised […]
The gold standard is a monetary system where paper money has a value directly tied to a store of gold, allowing for predictable currency exchanges. The international gold standard began in 1871, but it faced crises during WWI and ultimately died in 1933. While it allowed for expansion in world trade, it was highly deflationary […]
The standard deduction reduces taxable income and is available to most US taxpayers. It’s an easier option, but itemizing may reduce tax liabilities further. Couples may take over $10,000 USD, and expenses like home mortgage interest and medical expenses can be itemized. The standard deduction saves time and reduces the likelihood of an audit. Elderly […]
Standard of living measures a country’s demographic conditions, including education, purchasing power, and healthcare, while quality of life considers subjective factors like happiness. GDP per capita is a common factor, but wage inequality and other factors can affect rankings. Different researchers may weigh factors differently. Standard of living is the name given to a general […]
A purchase order is a legal document that outlines the terms of a purchase, including transportation, delivery date, cost, and payment expectations. It protects both the buyer and seller and simplifies the ordering process. Manufacturers use purchase orders to plan cash budgets and expenses. The process ends with the delivery of goods and payment of […]
The United States has no set national curriculum, with each state and school district having their own standards. Elementary schools focus on social interaction and basic subjects, while high schools offer a broad curriculum and split students into educational or vocational tracks. Attempts to create a national curriculum have been challenging. There is no set […]
Expected return and standard deviation are important factors in investment decisions. Expected return is the average return over a period of time, while standard deviation measures the extent to which returns differ from the expected return. The higher the standard deviation, the lower the probability of achieving the expected return. Investors must consider risk tolerance […]
Standard cost is an estimate of how much a product or service will cost to produce, used in planning. Actual cost is the final cost after production. Companies use standard cost to determine if a product is worth manufacturing and to compare with actual cost. Limitations include the need for research and changes in the […]
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