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Accredited Courses vs Training Packages   It is a given fact that in order to get ahead in life, one is in need of certain educational qualifications as well as skills. Recognizing these needs, the world has come up with various means to satisfy these requirements and introduced various courses and training facilities... 
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Adzuki Beans vs Red Beans   Different recipes require different ingredients and upon the ingredients used depends on the success of a dish. It is a common thing to be confused between the various ingredients listed in a recipe, especially if there exists a number of variations in a single ingredient. Beans are... 
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Adulteration vs Contamination   Adulteration and contamination are terms that are commonly used with regards to consumables such as food, medicine etc. Both imply illegal practices which are against rules and regulations. It is because of these similarities that these two terms tend to be used alternatively in... 
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Dream vs Nightmare   Night time is for sleeping, which allows the much needed rest and relaxation to the body and the brain. This gives the body time to repair and soothe whatever harm that has occurred within the body and the brain during daytime. However, this precious time is sometimes disturbed by certain phenomena;... 
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Wallet vs Purse   When it comes to transporting one’s personal belongings, people have found various means. While serving a basic purpose, this method of convenience have over the time transformed itself into a fashion statement as well. As a result, wallets and purses have become indispensable items in the life... 
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BOP vs BOT   Balance of payments (BOP) records a country’s total inflows and outflows of funds and assets to and from foreign countries and offers an overview of all international monetary transactions. The balance of payments provides a summary of all transactions during the year and offers a clear snapshot... 
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Economics vs Managerial Economics   Economics is social science that is concerned with the production of goods and services, distribution and consumption of those goods and services, and transfer of wealth between entities within a country or across regions. The theory of economics in today’s world is a... 
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Cartel vs Collusion   Competition exists in any marketplace that has more than one market player. Competition is seen to be positive and healthy to the economy as it encourages companies to offer better products to the market, lower costs to offer products at competitive prices, and continuously improve their... 
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Foreign Aid vs Foreign Investment   Globalization has resulted in more global trade, increased cooperation among nations, international investments, and global transfer of capital, assets, resources and funds. Foreign aid and foreign investment both involve such transfers of capital, funds, resources, etc.... 
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Lead vs Opportunity   Customer relationship management (CRM) is a system which manages the relationships that a firm has with its current customers and prospective future customers. Under customer relationship management, a firm identifies different stages involved in making a sale. The process starts with identifying... 
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Accounting Concepts vs Conventions   At the end of each financial year, financial statements are prepared by firms for a number of purposes, which include summarizing all activities and transactions, review the firm’s financial status, evaluate performance, and to make comparisons between previous years,... 
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Auditing vs Investigation   A firm prepares financial statements in order to examine the current year’s financial performance and to offer a fair and true view of the firm’s financial status. Once the financial statements are prepared it is essential to evaluate their accuracy, and if needed, to conduct... 
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Clearing vs Settlement   Clearing and settlement are two important processes that are carried out when executing transactions in financial markets where a range of financial securities can be bought and sold. Clearing and settlement allow clearing corporations to realize any rights obligations, which are... 
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Administration vs Receivership   Insolvency is when a business is unable to pay its creditors and meet their financial obligations. A firm that files for insolvency or is at high risk for facing insolvency can follow measures to handle their debts and either turnaround the business back to health or to make arrangements... 
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Six Sigma vs CMMI   Increasing competition, higher costs, and needs for consistent quality in products and services have resulted in the adoption of methodologies and techniques aimed at improving efficiency, reducing errors, maintain quality levels and improving processes and procedures. Six Sigma and the... 
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Sunk Cost vs Relevant Cost   Sunk costs and relevant costs are two distinctive types of costs that firms frequently incur in the running of businesses. Sunk costs and relevant costs both result in an outflow of cash and can reduce the firm’s income and profitability levels. Despite the fact that they both... 
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