Define: Yardstick

Business, Legal & Accounting Glossary

Definition: Yardstick



What is the dictionary definition of Yardstick?

Dictionary Definition


figuratively A standard to which other measurements or comparisons are judged.


Advertisement



Full Definition of Yardstick


A yardstick originally meant a flat wooden board that measures lengths of up to three feet. By extension, a yardstick now means a standard used for comparisons. In the sphere of economics, a typical yardstick would be the gross national product, the consumer price index, the inflation rate, or the trade deficit. In the semiconductor industry, a well-known yardstick is the book-to-bill ratio. In equity analysis, the price/earnings ratio is a key yardstick. In many areas of economic and financial analysis, a single yardstick does not offer a full picture of success or failure. Moreover, compared with a three-foot wooden yardstick, often a business yardstick is more ambiguous and open to interpretation and dispute. For example, any yardstick based on accounting rules necessarily reflects the limitations inherent in GAAP.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/yardstick/
Modern Language Association (MLA):
Yardstick. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 https://payrollheaven.com/define/yardstick/.
Chicago Manual of Style (CMS):
Yardstick. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/yardstick/ (accessed: April 06, 2020).
American Psychological Association (APA):
Yardstick. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/yardstick/

Definition Sources


Definitions for Yardstick are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020