Author: Terms compared staff

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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Amortization vs depletion

One of the fundamental accounting principles is matching concept. This principle requires that expenditures should be charged in the same accounting period in which the corresponding revenues are recognized. This principle is...

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CEO vs COO

CEO and COO are two of the highest positions in an organization. However, people are often confused about the roles and responsibilities of the two organizational positions. While it is known that the CEO is the topmost position...

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