term1 Definition1term2 Definition2term3 Definition3
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Ideal Standard
Makes no allowance for inefficiency or wastage of labour or materials, and therefore assumes perfect conditions.
Attainable Standard
Allows for a small amount of wastage and inefficiency but is set at a level that is considered to be a challenging target based on current operating conditions
Basic Standard
Is an historical standard that allows comparisons to be carried out over long periods of time.
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