TQM vs TQC Quality can be considered as an important concept to every organization. It can be expressed as a measurement which is used to estimate the standard of a particular product or service. In 1950, Father of quality management Doctor Edward Deming defined quality as something which fits for the purpose. Both TQM […]
Archives for August 2014
Difference Between Transformational and Situational Leadership
Transformational vs Situational Leadership There are several forms of leadership styles followed in organizations and transformational leadership and situational leadership are two of those leadership styles. This article explains what these two leadership styles are, and the difference between transformational and situational leadership. What is Transformational Leadership? James MacGregor Burns introduced the concept of […]
Difference Between IFRS and AASB
IFRS vs AASB An accounting standard can be defined as a set of rules and procedures that need to be followed in preparing financial statements at the end of a financial year. This article evaluates the purposes and the importance of AASB accounting body and IFRS standards that are linked with the international accounting […]
Difference Between Sunk Cost and Opportunity Cost
Sunk Cost vs Opportunity Cost In cost accounting, there are specific costs related to planning and decision making of business activities. In this article,the definitions of sunk cost and opportunity cost, methods of calculating sunk cost and opportunity cost, the purpose of sunk cost and opportunity cost calculations, and finally, the difference between sunk cost […]
Difference Between Account Balance and Available Balance
Account Balance vs Available Balance Although they sound similar to each other, there is a difference between account balance and available balance. Available balance directly affects the cash deposits or withdrawals, but the account balance in the bank account takes time to update the changes, either cash increases for the deposits or cash reduces […]
Difference Between Inventory and Assets
Inventory vs Assets Assets are the resources owned by the company , and these assets can be classified as fixed assets and current assets. Inventory is a specific type of current asset which can be classified into raw materials, work in progress and finished goods. Although both are categorized as assets, they are treated […]
Difference Between Mortar and Grout
Mortar vs Grout Grout and mortar are words used commonly in masonry. These are products that are used by a mason during construction of floors and walls. These are similar products with similar ingredients confusing many people who think them to be same or interchangeable products. However, despite overlap, there is a difference between […]
Difference Between Mortar and Concrete
Mortar vs Concrete Mortar and concrete are two of the most common products used in the construction industry. Whether it is constructing a wall or laying a runway at an airport, products made by cement are used. While concrete is another name for strength and durability, mortar is indispensable because of its ability to […]
Difference Between Leading and Managing a Project
Leading vs Managing a Project Project management involves the use of knowledge, techniques and skills to execute the projects more effectively and efficiently. Usually the projects are aligned with the goals of the business organizations. Success of the projects heavily depends on the effectiveness of the project team and how well each of them […]
Difference Between Mendel’s First and Second Law
The key difference between Mendel’s First and Second Law is that Mendel’s first law describes the segregation of the alleles of a given locus into separate gametes during gametogenesis while Mendel’s second law describes the independent transmission of alleles of genes into daughter cells without the influence of each other. Mendelian inheritance describes Mendel’s first […]
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