Accounting vs. Auditing

The main difference between Accounting and Auditing is that Accounting is an act of orderly capturing the day to day monetary transactions of the business and classifying them into various groups, and Auditing is an activity of verification and evaluation of financial statement. Accounting is an action of maintaining the monetary records of a company […]

Memo vs. Letter

The main difference between Memo and Letter is that a Memo is used to pass information to set of recipients as an internal communication in an organization, and Letter is generally a form of communication from one individual to another. The memo is the way of communication in a business setting. It usually intended for […]

Motivation vs. Inspiration

The main difference between Motivation and Inspiration is that Motivation is something from the outside that compels you to take action, and Inspiration is something that you feel on the inside that encourages to do something. The term motivation comes from the word ‘motive,’ which means the demands or drives within a person. On the […]

Internship vs. Externship

The main difference between Internship and Externship is that in an Internship the interns get experience by actively participating in the job, and in Externship an extern has to play a shadow role in observing an expert performing the job and learning from it. An internship is a task or work experience program that enables […]

Fact vs. Opinion

The main difference between Fact and Opinion is that Fact relates to the something true or real, which is confirmed by evidence, documentation, etc. and Opinion is what a person believes or thinks about something. A fact is a thing that can be proven as true by someone else. This truth can test through observation, […]

Marginal Costing vs. Absorption Costing

The main difference between Marginal Costing and Absorption Costing is that Marginal costing doesn’t take or bring fixed costs into account under product costing or inventory valuation. Absorption costing, on the other hand, takes both fixed costs and variable costs into account. Marginal costing doesn’t take fixed costs into record or account under product costing […]

Job vs. Career

The main difference between Job and Career is that Job is a position of regular employment, that paid, and Career implies progress of an individual in a particular profession or a company. Job is an activity through which an individual can earn money. It is a regular activity in exchange for payment. A career in […]

Organization vs. Institution

The main difference between Organization and Institution is that Organization is a group of people who come together with a common goal and work towards achieving that goal, whereas Institution is an organization that dedicated to public service. Organization refers to an organized group of people gathered to achieve a particular purpose. The institution is […]

Award vs. Reward

The main difference between Award and Reward is that an Award is a special honor. It generally connected to a conflict or social event. A Reward can be something you get for making an exertion, or as an incentive. Awards are tokens of appreciation, which given to individuals for their achievements. It called a symbol […]

Direct Democracy vs. Indirect Democracy

The main difference between Direct Democracy and Indirect Democracy is that Direct Democracy where the people vote or elect directly on the laws or other issues that proposed. Indirect democracy where the people elect representatives who vote on laws on behalf of the people. Direct democracy conjures to the system in which people has the […]

IRR vs. MIRR

The main difference between IRR and MIRR is that IRR (The internal rate of return) is an interest rate whenever NPV is equal to zero and MIRR (Modified internal rate of return) is the rate of return whenever NPV of terminal inflows is equal to the outflow. The internal rate of return (IRR) metrics is […]

Structured Interview vs. Unstructured Interview

The main difference between a structured interview and the unstructured interview is that a structured interview is where all the questions prepared from beforehand and an unstructured interview is an interview which does not pursue any specific format or style of questions. A structured interview is a kind of interview in which the inquirer asks […]

Factors vs. Multiples

The main difference between Factors and Multiples is that a Factor is a number that departs no remainder behind then it divides the specific number and Multiple is a number reached by multiplying a given number by another. A factor is a count or number or quantity that divides into the target number with a […]

Responsibility vs. Accountability

The main difference between Responsibility and Accountability is that in Responsibility, a person does what he/she is asked to do and in Accountability, a person agrees to do, what he/she is supposed to do. Responsibility is task-oriented. Every individual on a team may be responsible for a given task that is required to complete a […]

Ratio vs. Proportion

The main difference between ratio and proportion is that ratio defined as the comparison of sizes of two quantities of the same unit and proportion refers to the equality of two ratios. The ratio is the related size of two quantities expressing as the factor of one divided by the another; the ratio of a […]

Personality vs. Character

The main difference between personality and character is that Personality shows what you are outside or what you are to the world and Character reveals what you are inside. Personality also described as a group of qualities that makes a unique individual. However, personality generally related to the outer appearance and behavior of an individual. […]

Domestic Marketing vs. International Marketing

The main difference between Domestic Marketing and International Marketing is that Domestic marketing relates with only a single market while International Marketing relates to several different countries and markets. Domestic marketing is the creation or production, promotion, distribution, and sale of products and services in a local market whereas the international market is the creation […]

Deed vs. Title

The main difference between Deed and title is that Deed is the legal document that transfer from one person to another and Title is the legal way of saying you own a right to something. A deed is a legal document that indicates the transfer of ownership of a property from one party to other. […]

Mobile Banking vs. Internet Banking

The main difference between Mobile Banking and Internet Banking is that Mobile Banking is a service that permits the customer to perform banking transactions using a cellular device and Internet Banking is a banking transaction, performed over the internet, via, respective bank or financial institution’s website, under a personal profile, with a personal computer. Mobile […]

Domestic Business vs. International Business

The main difference between Domestic Business and International Business is that Domestic Business is the trade which takes place within the geographical boundaries of the country, whereas International Business is the trade which occurs between two countries internationally. Domestic business defined with the view of areal limits in mind; international business is not limited and […]

Formal Organization vs. Informal Organization

The main difference between Formal Organization and Informal Organization is that Formal Organization is an organization in which job of each member clearly defined, whose authority, responsibility and accountability fixed, and Informal Organization is formed within the formal organization as a network of the interpersonal relationship when people interact with each other. The formal organization […]

Manufacturing vs. Production

The main difference between manufacturing and production is that Manufacturing is a process of transforming raw material into a finished product by using many processes and Production is a process of converting inputs into outputs. When the raw material is used as an inlet to produce goods with the use of machinery is known as […]

Descriptive Statistics vs. Inferential Statistics

The main difference between Descriptive Statistics and inferential Statistics is that Descriptive Statistics utilize the data to provide depictions of the population, either through numerical calculations or graphs or tables and Inferential Statistics makes conclusions and predictions about a population based on a sample of data taken from the population in question. Descriptive statistics is […]

Act vs. Law

The main difference between Act and Law is that Act is a part of legislation that is more specific and refers to particular circumstances and specific people and Law is a part of legislation that is linking upon people and is trailed by all. The act is a type of Law that pertain to specific […]

Economic Activities vs. Non-Economic Activities

The main difference between economic activities and non-economic activities is that economic activity carried out to satisfy human needs, whereas non-economic activities performed for gaining psychological satisfaction. Economic activity relates to a human activity related to the production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, to […]

HRM vs. HRD

The main difference between HRM and HRD is that HRM (Human Resource Management) relates to all aspects of the human resources function and HRD (Human Resource Development) only relates to the development part. HRM refers to how the principles of management can be applied to effectively manage the employees working in an organization and HRD […]

Revenue vs. Profit vs. Income

The main difference between Revenue, Profit and Income is that Revenue only deems the amount of income a business originates through the sale of its goods or services whereas profit is the figure of income that remains after all expenses, costs and taxes accounted for, and income refers to net profit, i.e., what remains after. […]

Intensive Farming vs. Extensive Farming

The main difference between Intensive Farming and Extensive Farming is that Intensive Farming refers to an agricultural system, wherein there is high-level use of labor and capital, in comparison to the land area and Extensive Farming is an agrarian technique, in which large farms are being cultivated, with relatively lower inputs. Intensive Farming is a […]

Accounting Concept vs. Accounting Convention

The main difference between Accounting Concept and Accounting Convention is that Accounting concepts are the essential accounting assumptions that act as a ground for recording business transactions and preparation of final accounts and Accounting conventions are the techniques and procedures which have universal acceptance, these are followed by the firm while recording transactions and preparation […]

Demand vs. Supply

The main difference between Demand and Supply is that Demand refers to how much buyers and Supply (quantity of a product or service) represents how much the market can offer. The balance between the price and the quantity demanded of a product or the commodity at a certain period is called demand. To the contrary, […]