Author: Termscompared

General reserve vs capital reserve

Business entities primarily function with the objective of earning profits. These profits accumulate to owners of the business and can be withdrawn by owners or distributed to them in the form of dividends in case of companies....

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Tax evasion vs tax avoidance

Taxes are essential means of revenue generation for governments across the world. Direct taxes are levied on incomes and wealth of different entities and indirect taxes are levied on various economic transactions. While...

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Induction vs orientation

Once a new employee is hired in an organization, he/she may have to undergo certain processes to get introduced to the organization and learn about its rules and regulations. Induction and orientation are the processes employed...

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Efficiency vs effectiveness

Efficiency and effectiveness are two widely used terms while measuring the performance of individuals and organizations. People often confuse the two terms with one another and use them interchangeably. However, in reality, they...

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