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...]
Difference Between Audit Report and Audit Certificate
An audit certificate ratifies the truth and correctness of a fact, figure or statement. On the contrary, an audit report contains a statement of fact or expression of opinion about the truth and fairness of the fact, figures and statements. Once the auditing process is complete, the auditor must prepare a report in a summarized form. This is what we call an audit report. The audit submits this report to the person or body who appoints him. But in general, the auditor submits it to the … [Read more...]
Difference Between Product-Based and Service-Based Companies
Think of all the electronic items or skincare products that you have in your house, the companies that produced those products are all product-based companies. Look it another way, think of the broadband service, electricity service or gas service that you avail at your home, the companies that render those services are all service-based companies. So, we could say that the companies that sell any tangible item to their clients are Product-Based Companies. On the other hand, Service-Based … [Read more...]
Difference Between Civil and Criminal Liability
A civil lawsuit begins when a person or an enterprise fails to perform any obligation owed to another person. The aggrieved party gets monetary compensation as damages for the loss suffered by him. The loss can be physical, mental or monetary. And the liability that arises in the case of a civil lawsuit is nothing but a civil liability. But, in the case of a criminal lawsuit, it is not the victim who initiates the case rather the government prosecutes on behalf of the victim. And when the … [Read more...]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 104
- Next Page »