An ordinary resolution is refers to a resolution, passed by the members of the company by a bare majority. A special resolution, on the other hand, is the resolution, that is affirmed by the members of the company by three-fourth majority. In a company, the items of business to be transacted at a GM (General Meeting), are presented as motions. The 'motion' refers to a proposal put forward, for discussion and adoption at the meeting. If the motion is approved unanimously, by the members … [Read more...]
Difference Between Area and Volume
As you can see, there are many objects around us, have certain area or volume, though we do not recognise it. While the area is the region covered by the closed plane figure, the volume is the amount of space occupied by an object. The measurement of area is done in suqare metres, whereas the measurement of volume is done in cubic metres. The terms area and volume are two important concepts of mensurations have a wide usage not only in mathematics but also in our day to day life. The article … [Read more...]
Difference Between Classification and Tabulation
The primary difference between classification and tabulation is that the process of classifying data int groups is known as classification of data, whereas tabulation is the act of presenting data in tabular form, for better interpretation. After the collection of data is completed, it is prepared for analysis. As the data is raw, it needs to be transformed in such a way, that it is appropriate for analysis. The form of data, highly influences the result of analysis and so, to get positive … [Read more...]
Difference Between Questionnaire and Interview
While questionnaires are mailed to the respondents, to be answered, in the manner specified in the cover letter. The interview is a one to one communication; wherein the respondents are asked questions directly. Once the research problem is defined and research design is laid out, the task of data collection begins. There are two types of data, i.e. primary data and secondary data. The data collection methods of these two types of data differ, because, in the case of primary data, the … [Read more...]
Difference Between Hypothesis and Theory
The primary tool, in the research process, is a hypothesis, that intends to suggest new experiments and observations. There are many experiments which are undertaken with the sole objective of testing hypothesis. It refers to a supposition, regarding an observable phenomenon of a relationship between various phenomena. The term 'hypothesis' is often contrasted with the term theory which implies an idea, typically proven, which aims at explaining facts and events. Both hypothesis and theory … [Read more...]
Difference Between Intrapersonal and Interpersonal Communication
As the term, 'intra' means 'within', so the communication that takes place within a person is called intrapersonal communication. On the other hand, the term 'inter' means 'between', so when the communication occurs between two or more persons, it is said to be interpersonal communication. We, humans, are social animals, and we always need someone to talk or share our opinions, news, and even feelings. Communication is a substantial part of our life, whether we say something or not, it … [Read more...]
Difference Between Visa and MasterCard
One of our common misconception about the two payment processing giants, Visa and MasterCard is that they issue credit cards. But the fact is that they are not card issuers, as they are intermediaries between banks and customers. These two multinational companies provide end number of services to customers through banks, and so they do not have any interaction with the customers. While three level of services are provided by MasterCard, there are only two levels of services provided by Visa … [Read more...]
Difference Between Vendor and Supplier
Supply Chain is the assemblage of all persons, entities, resources, processes and technologies which participate in the production and distribution of the goods and services, effectively to the final consumer. In the business world, we often hear the terms like vendors and suppliers, as they are the important links of the supply chain process. While vendor is someone who offers a product to customers for sale, who is the last link of the process economic production chain. On the other hand, a … [Read more...]
Difference Between Primary and Secondary Research
Research, an art of scientific investigation. It is a methodical search for relevant information or facts on a particular topic. It aims at discovering the answers to questions by applying scientific procedures. It is very helpful in the collection of authentic data. There are two kinds of research, i.e. primary research and secondary research. Primary research is one that involves the gathering of fresh data, i.e. when data about a particular subject is collected for the first time, then the … [Read more...]
Difference Between Margin and Markup
As every coin has two sides, likewise, margin and markup are two accounting terms which refers to the two ways of looking at business profit. When the profit is addressed as the percentage of sales, it is called profit margin. Conversely, when profit is addressed as a percentage of cost, it is called as markup. While markup is nothing but an amount by which the cost of the product is increased by the seller to cover the expenses and profit and arrive at its selling price. On the other hand, … [Read more...]
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