Re: Newbish question
 

Standards seem to counter the cumulative Fear effect very well. They don't seem to have much effect normally, a slight morale boost (probably capped?), but against Fear that boost seems to be added every turn, bringing morale back up toward normal.

Re: Newbish question
 

Standards add one point of morale to every unit in an X square area every turn. If that would result in the unit reaching morale more than 5 points higher than they started with, the standard doesn't work.

So yes, in a combat with a fear-causing creature, the standard would probably continue to give a morale point a round for the whole battle.