Positive Feedback vs Negative Feedback Positive feedback and Negative feedback are two terms that are used in psychology and these two terms show difference when it comes to their application. Positive feedback causes energy in the body. On the other hand, negative feedback affects the potential to act. This is the main difference between the […]
Difference Between Accountability and Responsibility
Accountability vs Responsibility Accountability and Responsibility are two words that are quite often confused due to the similarity between their meanings. Strictly speaking, these two words have to be understood differently. The word ‘accountability’ is generally used in the sense of ‘answerability’. On the other hand, the word ‘responsibility’ is used in the sense of […]
Difference Between Bank and Post Office
Bank vs Post Office Post office has traditionally been a place used by people for purposes other than for which they go to a bank. While post offices have been there to provide mailing services and handle people’s and governmental mails, letters and envelopes along with parcels, banks have been used for banking services such […]
Difference Between Activity Based Costing and Traditional Costing
Activity Based Costing vs Traditional Costing Costs associated with a product can be categorized as direct costs and indirect costs. Direct cost, is the cost which can be identified with the product, while indirect costs are not directly accountable to a cost object. Cost of materials, direct labour cost such as wages and salaries are […]
Difference Between Career and Profession
Career vs Profession Career and Profession are two words that are often confused when it comes to their meanings. They are construed to have the same meanings. In fact, they are characterized by different meanings. The word ‘career’ is used in the sense of ‘occupation’ and word ‘profession’ is often used in the sense of […]
Difference Between Bank Rate and Repo Rate
Bank Rate vs Repo Rate There are financial instruments in the hands of apex or central banks of the nations to control money supply and thus, inflation and many other monetary situations in the economy. Bank rate is one such tool that controls the amount of money in the economy and is regularly used by […]
Difference Between Repo Rate and Reverse Repo Rate
Repo Rate vs Reverse Repo Rate If repo and reverse repo are new words for you, it is logical to first learn something about repo rate, because it becomes easier to understand reverse repo rate then. It may come as news to many, but it is a fact that even banks face shortfall of funds […]
Difference Between Vendor and Supplier
Vendor vs Supplier We frequently encounter words like vendor and supplier in a supply chain, and many times the words are used interchangeably to refer to a person or anyone who supplies goods or services to an organization. A supplier may be the manufacturer of goods, while a vendor may or may not be the […]
Difference Between Bank and Building Society
Bank vs Building Society Banks are financial institutions that we are all aware of. In fact, all of us have experience of having an account with a bank and availing its services. However, not many people know about building societies that serve similar functions like banks and are owned by members of the society. Despite […]
Difference Between Bank and Banking
Bank vs Banking Bank is an organization or a company like any other company, which sells and buys goods and services in the market. The main difference between other companies and banks is that, other companies are trading goods and services for money, but in the case of bank the trading item itself is MONEY, […]
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