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Key Differences

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Difference Between Verbal and Nonverbal Communication

Communication is a natural phenomenon, it is an act of interacting with people and sharing information with them. Do you know, whether you speak or not, it communicates the message to the other party. There are two types of communication Verbal and Non-verbal. Verbal communication is a form of communication in which you use words to interchange the information with other people either in the form of speech or writing. On the contrary, Nonverbal communication does not use words for … [Read more...]

Difference Between Partnership Firm and Company

The company form of business organization enjoys a number of benefits over the partnership. This is due to the fact that, in a partnership firm, there must be at least two persons, mutually agree to run the business and share the profits or losses in a manner prescribed in the agreement. The maximum number of partners a partnership firm could have is only 20. This gave rise to the evolution of Company, in which there can be any number of members. The company is an association of persons who … [Read more...]

Difference Between Equity Shares and Preference Shares

Equity shares are ordinary shares of the company that carry voting rights. On the contrary, preference shares have preferential rights in the matters of payment of dividend and repayment of capital. Capital is the lifeblood of any company. Therefore, once the company gets its certificate of commencement of business, it requires money for starting and running the business. The company can raise money by issuing shares or debentures. When the company arranges funds by issuing shares to the … [Read more...]

Difference Between Members and Shareholders

When we talk about a company, the terms shareholders and members are commonly used as synonyms, as one can become a member of the company, except by way of holding shares. In this way, a member is a shareholder and a shareholder is a member. The statement is true but not completely, as it is subject to certain exceptions, i.e. a person can become the holder of shares through transfer, but is not a member, until the transfer is entered in the register of members. In the same way, the … [Read more...]

Difference Between Formal and Informal Communication

 Someone said correctly "The very attempt of, not to speak, speaks a lot."Communication plays a crucial role in our life, as people interchange their ideas, information, feelings, opinions by communicating. Formal communication is one that passes through predefined channels of communication throughout the organization. On the contrary, Informal communication refers to the form of communication which flows in every direction, i.e. it moves freely in the organization. Communication could be … [Read more...]

Difference Between Shares and Debentures

Issuing shares is the primary method of raising funds for companies. Shares are the owned securities, and share capital is the owned capital. Generally, the capital of the company is divided into a number of equal units, i.e. shares. It describes the holder's right to the specified amount of the company's share capital. Conversely, debenture implies a long-term instrument showing the company's debt towards the external party. It yields a definite rate of interest, issued by the company and … [Read more...]

Difference Between Morals and Ethics

We greatly encounter moral and ethical issues, in our day to day life. Perhaps, these two defines a personality, attitude, and behavior of a person. The word Morals is derived from a Greek word "Mos" which means custom. On the other hand, if we talk about Ethics, it is also derived from a Greek word "Ethikos" which means character. Put simply, morals are the customs established by group of individuals whereas ethics defines the character of an individual. While morals are concerned with … [Read more...]

Difference Between Group and Team

Nowadays, group or team concept is adopted by the organization, to accomplish various client projects. When two or more individuals are classed together either by the organization or out of social needs, it is known as a group. On the other hand, a team is the collection of people, who are linked together to achieve a common objective. Most of the work in a business entity is performed in groups. Although the individual personality of an employee is important, their effectiveness depends on … [Read more...]

Difference Between Agreement and Contract

There is an old statement, "All contracts are an agreement, but all agreements are not contracts" which implies that agreement is different from a contract. Without knowing the fact, we enter into hundreds of agreement daily, which may or may not bound us legally. Those which bind us legally are known as a contract, while the rest are agreement. In this way, the Indian Contract Act came into force, which was enacted by the British Government because at that time they were ruling on India. The … [Read more...]

Difference Between Vegan and Vegetarian

While vegetarian is a diet, vegan is a lifestyle. As vegetarianism is a very old concept, veganism has gained popularity in the last few decades. Veganism is a stricter form of Vegetarianism. It is a relatively new concept. It is for environmental good and it is like a revolution for society, which most people are opting for these days. While the majority of the population in the world is non-vegetarian. However, over time, the dietary habits of people around the world have changed. Nowadays … [Read more...]

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