Amortization vs Impairment A firm owns a number of assets including fixed assets that are used in the production of goods and services, current assets that can be used to cover day to day expenses, and intangible assets such as a company’s goodwill. Assets are recorded in the firm’s balance sheet at their cost […]
Difference Between Beta and Standard Deviation
Beta vs Standard Deviation Beta and standard deviation are measures of volatility used in the analysis of risk in investment portfolios. Beta shows the sensitivity of a fund’s, security’s, or portfolio’s performance in relation to the market as a whole. Standard deviation measures the volatility or risk inherent to stocks and financial instruments. While […]
Difference Between Hayek and Keynes
Hayek vs Keynes Hayek economic theory and Keynesian economic theory are both schools of thought that employ different approaches to defining economic concepts. Hayek economics was founded by famous economist Friedrich August von Hayek. Keynesian economics was founded by economist John Maynard Keynes. The two schools of economic theory are quite different to each […]
Difference Between Short Run and Long Run
Short Run vs Long Run Short run and long run are concepts that are found in the study of economics. While they may sound relatively simple, one must not confuse ‘short run’ and ‘long run’ with the terms ‘short term’ and ‘long term.’ Short run and long run do not refer to periods of […]
Difference Between Total Utility and Marginal Utility
Total Utility vs Marginal Utility Utility is a term in economics used to describe satisfaction and fulfillment that a consumer derives from consuming a particular product or service. Total utility and marginal utility are two concepts that need to be discussed in order to understand fully how a consumer derives satisfaction by consuming the […]
Difference Between Competence and Performance
Competence vs Performance Competence and performance are two words commonly used in many fields such as human resources, education, skills development, training etc. However, due to the proximity of the two words and the similarity of contexts in which they are utilized, competency and performance are often used interchangeably despite their many differences. What […]
Difference Between Affiliate and Subsidiary
Affiliate vs Subsidiary Affiliate and subsidiary are two terms that are widely heard of in business terminology. When speaking of corporations and large scale companies, these two terms are used profusely, thereby sometimes confusing the laymen in terms of their definitions. As a result, one often ends up using the two terms interchangeably which […]
Difference Between Clerical and Administrative
Clerical vs Administrative In an office environment, knowing the difference between clerical and administrative duties is extremely important, especially if one belongs to either of these categories. While the two roles may be quite similar, several differences in the nature of their work make them unique in their own right. What is Clerical? A […]
Difference Between Legal and Ethical Issues
Legal vs Ethical Issues Issues by nature are many and, today, many issues are brought up and are questioned upon their varying natures. Ethical and legal issues, being two kinds of issues that are often brought up especially in organizations, are two terms that often clash with one another and at the same time […]
Difference Between Project Management and General Management
Project Management vs General Management The differences between project management and general management are actually not very distinct. However, a few differences between the two set the two apart, giving them each a unique definition. What is Project Management? Project management is comprised of organizing, planning, motivating, and controlling procedures, resources and protocols to […]
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