Best practices are used to maintain quality as an alternative to mandatory legislated standards and can be based on self-assessment or benchmarking. Best practice is a feature of accredited management standards such as ISO 9000 and ISO 14001.
Definition of monetary. : of or relating to money or to the mechanisms by which it is supplied to and circulates in the economy a crime committed for monetary gain a government's monetary policy.
uk â /ÉªnËsentÉªv/ us â. âº something, especially money, that encourages a person or organization to do something: financial/fiscal/monetary incentive Cash grants were part of the financial incentives given to developers of new solar power technology.