Promotion is an upward movement on the organizational ladder. It involves shifting an employee from a lower designation to a higher designation. On taking charge of the higher position, the employee will have greater authority, status, responsibilities, and so forth. And at the same time, he will get better remuneration and emoluments. But, the transfer is a lateral move on the organizational ladder. It involves shifting an employee from one place to another, like one branch or department to … [Read more...]
Difference Between Provision and Contingent Liability
The provision refers to a liability whose amount and timing of occurrence are not definite. We create provisions as a charge against profit so as to meet the loss or decrease in the asset's value. It is a liability that one can measure with a substantial degree of estimation. But contingent liability, is not a real liability. This is because it is not predictable that there will be a need for an outflow of financial resources to settle obligations. Hence, the confirmation of the existence of … [Read more...]
Difference Between Intraday and Delivery Trading
Intraday Trading is one in which the purchasing and selling of stocks take place within the same day before the market closes. As against, Delivery Trading is the type of trading in which the investor buys shares one day and sells the same on a later date after holding them for some days. This means that the investor purchases shares and then holds them for a certain period. Thereafter, on the delivery of the stocks, it appears in his/her Demat Account. Investors can sell the stocks whenever … [Read more...]
Difference Between Bearer Cheque and Order Cheque
Bearer cheques are the ones on which payment is made to the bearer, i.e. the holder of the cheque who presents it to the bank. But order cheques are just the opposite, as only that person whose name the drawer writes on the cheque as the payee can take the payment. Further, the payee can pass this cheque to another party by signing on the back of the cheque, who can take payment on the payee's behalf. The best way to identify whether a cheque is an order or bearer is to look for the words in … [Read more...]
Difference Between Full-Service Broker and Discount Broker
About 10 years ago, only full-service brokers were ranked at the top positions on the stock brokers list. But now, if you see the charts, most of the top brokers are discount brokers covering more than 50% of the active investors. Isn't it a big change? In fact, the total number of active investors is doubled all this time. While Discount Brokers provide trading platforms and free trading software to the investors. It is just like a self-service facility for investors. Full-Service Brokers … [Read more...]
Difference Between Pamphlet and Brochure
While a pamphlet is a non-commercial advertising tool, a brochure is a commercial one. In this sense, we use pamphlets to inform, but brochures to promote something. When compared to flyers and leaflets, which are throw-away documents, a brochure is a promotional sales tool, which is meant to be kept and refer more than once. It does not just target customers, but also resellers and sales teams. There are a number of terms, which are connected to the printing world, that you might encounter … [Read more...]
Difference Between Contract and Quasi Contract
While in a contract, the presence of agreement between the parties is a must. But the presence of an agreement is not necessary in the case of quasi-contract. A quasi-contract is legally imposed with an aim of preventing unjust enrichment. Due to this reason we call it a contract implied by law. We usually enter into contracts daily. Think of a situation when you go to a restaurant and order hot coffee, you enter into a contract. Likewise, when you order something online, then also you enter … [Read more...]
Difference Between Strict Liability and Absolute Liability
While both strict and absolute liability arises from keeping or bringing hazardous products or carrying out dangerous activities which may harm another person, even when precautions are taken. In both cases, there is no need to prove the negligence of the defendant. The difference between strict liability and absolute liability is based on the fact whether the defence of a mistake of fact is there. In the case of absolute liability, a mistake of fact is not considered a defence. Basically, … [Read more...]
Difference Between TQM and TPM
TPM is a subset of TQM. TPM is a method that deals with the maintenance of equipment. It helps in reaching perfect production with no breakdowns, no defects, no small stops and no mishaps. It focuses on proactive and preventive maintenance. This will magnify the operational efficiency of the equipment. But, TQM is a proven approach that assures the survival of the organization even in cut-throat competition. It is a philosophy derived from ideas introduced by quality Gurus, over the years. It … [Read more...]
Difference Between Planning and Scheduling
Prior to initiating any work, planning is necessary because when things are well-planned desired results can be achieved. Similarly, for production, planning beforehand is important as it provides us with the parameters to implement control on the activities and suggests if there are any discrepancies. Production planning entails thinking in advance about what to do and how to do something. However, scheduling involves the allocation of resources or production facilities to process work … [Read more...]