Key Differences

Know the Differences & Comparisons

Difference Between MLA and APA

When it comes to writing and formatting of the research work, the Modern Language Association recommended the MLA style and the American Language Association propounded the APA style, which is commonly preferred worldwide, for the purpose of preparing research papers, reports, academic writing and so forth. One major difference between these two is that while the MLA style is followed in humanities and liberal arts, APA style is preferred in social sciences. As different disciplines have a … [Read more...]

Difference Between Citation and Reference

In the citation, you acknowledge the source of a specific part of the text in the article or assignment. On the other hand, in referencing an entire list of sources which have been referred and backs the argument of the author, is provided at the end of the document or article. It is just a form of credit which the author gives to the person's whose ideas has been borrowed in the work. While writing an article, one must quote or refer to the original source of the information, fact or idea, … [Read more...]

Difference Between Thesis and Dissertation

Thesis and dissertation differ in the sense that thesis analysis is added to the existing literature. Conversely, a dissertation contributes to new knowledge of the already existing literature. Different countries define the words thesis and dissertation differently, i.e. in some countries they are used interchangeably, while in some countries thesis is related to bachelor's or master's degree course and dissertation is used in the context of a doctorate degree, whereas in some countries the … [Read more...]

Difference Between Teaching and Training

Learning has no end, in fact, there is no age bar for learning. We learn new things every day, no matter if we recognize it or not. Teaching and training are two very common methods of learning, which are often misconstrued by the people, but the fact is teaching is primarily associated with classroom learning, wherein theoretical knowledge of various subjects are provided to the student, as per the opted course. Conversely, training is one such process which helps in imparting specific … [Read more...]

Difference Between Horizontal and Vertical Analysis

In Horizontal Financial Analysis, the comparison is made between an item of financial statement, with that of the base year's corresponding item. On the other hand, in vertical financial analysis, an item of the financial statement is compared with the common item of the same accounting period. Financial Statement implies the formal and final summary of the financial affairs of the concern, indicating the performance, profitability, position, etc. The process of thoroughly analysing the … [Read more...]

Difference Between Enculturation and Acculturation

Enculturation refers to that learning process in which an individual comes to know about the rules, customs, skills and values of the society. The word enculturation is commonly juxtaposed with 'acculturation' which refers to the modification of culture of an individual or group, due to the interaction with other culture. We all know that it is because of the culture we speak, behave, celebrate and express in a specific way. Culture implies a varied set of intangible aspects i.e. features, … [Read more...]

Difference Between Turnover and Revenue

Turnover is a broad term which is used in different contexts in different disciplines. In general, it implies the business or trading done by a company, in terms of money, in a given period. On the other hand, the word revenue is specific in nature, which refers to the proceeds received by the company in a particular period. It is not the profit of the company, rather it is the receipts of the company. Whenever we talk about how big a company is? or how successful it is? Or how much it has … [Read more...]

Difference Between OTC and Exchange

Secondary market refers to a market wherein already issued securities and financial instruments are traded. It includes both exchanges and OTC market. Exchange refers to the formally established stock exchange wherein securities are traded and they have a defined set of rules for the participants. When the trading is performed through the exchange, it is under the supervision of the exchange and so it ensures that all the rules and regulations are duly complied with. Conversely, Over the … [Read more...]

Difference Between Current Ratio and Quick Ratio

The current ratio is the ratio used by corporate entities to test the ability of the company to discharge short-term liabilities, i.e. within one year. Conversely, quick ratio is a measure of a company's efficiency in meeting its current financial liabilities, with its quick assets, i.e. the assets which are easily convertible to cash in a short duration. The ratio refers to an arithmetical expression, representing the proportion of one thing with respect to another. A financial ratio shows … [Read more...]

Difference Between Psychology and Sociology

Psychology and Sociology are two broad disciplines which are related to the study of humans, wherein 'psychology' refers to the study of the human mind, i.e. it is concerned with what's going on inside the brain of a person, to understand the reasons of his/her behaviour in different circumstances. On the contrary, 'sociology' implies the study of human behaviour in a group or society and reasons thereof. Where psychology focuses on an individual, i.e. it studies an individual, his/her … [Read more...]