While autonomous investment is not influenced by the change in the level of income, output, profit and sales, induced investment is generally affected by these factors, and that is the crucial difference between these two types of investment. What is Investment? Investment can be understood as that part of the person's income which is spent into financial schemes, with an aim of further production of capital assets. While making an investment, the following factors should be taken into … [Read more...]
Difference Between Packaging and Labelling
Think of the case when we don't get the shampoo in bottles or sachets, but in a polythene bag from the retailer, then how irritating it would be for us to transfer it in a jar and store it in the bathroom. In this way, packaging comes into the picture. It is the process of designing as well as developing a package to wrap around or contain the product, so as to ensure protection, ease of use and storage. Companies around the world, spend a good amount in creating the package for the … [Read more...]
Difference Between Rules and Policies
Rules, in an organization, are made to inform its members, what they can do or what they are not allowed to do. It states the acceptable behaviour, along with the consequence of disobedience. Rules do not just ensure discipline in an organization but it also helps in regulating the work culture and environment. On the other hand, the formulation of policy accounts for an integral part of planning, which is meant to act as a guide to decision making. It recommends the broad considerations … [Read more...]
Difference Between Discipline and Punishment
Making mistakes and learning from them, that's what childhood is all about. Parents try different methods to correct the behaviour of their kid, such as discipline and punishment. Discipline has a very positive impact on the child which not just teaches, or encourages but also helps them know about the standard code of behaviour, which is expected from them. On the other hand, punishment is used to reduce the recurrence of the misbehaviour by penalizing the child for unwanted behaviour. Its … [Read more...]
Difference Between Hard Skills and Soft Skills
Hard Skills refers to the skills which a person must possess to perform a specific kind of job. For example: To get the job of the programmer, a person needs to have coding skills. On the other hand, Soft Skills are not associated with a particular job, rather it includes the basic skills, i.e, communication skills, leadership skills, work ethics, professional skills, adaptive skills, etc. as it determines the ability of the candidate to gel up in the working environment. To get a decent job, … [Read more...]
Difference Between Internal Check and Internal Audit
The basic difference between internal check and internal audit is that internal check is a routine checking procedure, which involves cross-checking of every aspect of the work performed, at the time when it is performed, and recording the same. On the contrary, in internal audit, each and every component of the work is examined, by an independent staff, specially recruited for the purpose. The aim of internal audit is to provide an independent and objective assurance that the company's risk … [Read more...]
Difference Between Measurement and Evaluation
Measurement is a systematic process of determining the attributes of an object. It ascertains how fast, tall, dense, heavy, broad, something is. However, one can make measurements of physical attributes only and if one has to measure those attributes which cannot be measured with the help of tools. That is where the need for evaluation arises. It helps in passing value judgement about the policies, performances, method, techniques, strategies, effectiveness, etc. of teaching. Measurement … [Read more...]
Difference Between Journal and Magazine
Reading a journal or magazine, often help us in becoming more up to date, with news, events, developments, etc. Basically, journals are used to report original research and experiments, as well as to convey information about the recent developments in the concerned area of study. Contrary to this, magazines tend to inform as well as entertain the reader, while providing a broad overview of the topic of interest. Articles presented in the journal is a systematic and detailed account on a … [Read more...]
Difference Between Percentage and Percentile
The term 'percentage' is widely used to express anything, from changes in the tax rates, to the rate of unemployment, to the number of people using smartphones, to resource allocation by the government, to the change in price or quantity of a product or results of an examination. It is a form of writing any digit with denominator 100. The terms 'percentage' and 'percentile' often confuse us, especially to the students appearing in different examinations. For a given dataset, percentile … [Read more...]
Difference Between COO and CEO
The Chief Executive Officer or CEO has a unique set of roles to play and responsibilities to fulfil in the organization, that can't be delegated to the subordinate staff. It is the CEO of the company who identify the resource requirements, researches sources to raise funds, formulate strategies to approach the lenders, presents proposals and submits them. He/She administers the entire operations and effectively manages human resources. On the other hand, Chief Operating Officer or COO is the … [Read more...]
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