Final answer:
A 'Currently Attainable Standard' denotes a realistic and efficient performance level achievable under normal working conditions, providing a practical benchmark in business settings.
Step-by-step explanation:
The standard that represents a higher than average level of efficiency, which is attainable under expected operating conditions, is known as a Currently Attainable Standard. These standards are realistic and achievable, considering the normal working conditions and assume an efficient level of performance from employees. They serve as a challenging benchmark while being obtainable without requiring exceptional effort or circumstances, unlike an Ideal Standard which might be set at a level that is difficult to reach in typical conditions.