Final answer:
An assessment approach based on an accepted theoretical framework or practice standard is called an interpretive framework, which aims to understand the social world from participant perspectives, providing in-depth knowledge of human experiences.
Step-by-step explanation:
The type of assessment approach based on an accepted theoretical framework or practice standard is known as an interpretive framework. Used in sociological research, this systematic approach focuses on understanding the social world from the perspectives of participants, rather than testing hypotheses to find generalizable results. It emphasizes in-depth knowledge and insights about human experiences, contrasting with the more empirical and data-driven scientific method. Both approaches offer valuable perspectives and contribute to the development of sociological theories as they are scrutinized, retested, and evaluated in various contexts.