Everything you need to know about the differences between standard costing and budgetary control. Budgetary control and standard costing have the common objective of cost control by establishing pre-determined targets. These two techniques are similar in certain respects but differ in respect of other points. Budgetary control is a system of planning and controlling costs. It involves the establishment of [...]
Everything you need to know about the key differences between training and development. Training and development differ from each other in terms of their content and objectives. Steinmetz (1969) has differentiated them. According to her, while training is a short term process by which non-managerial personnel learn technical knowledge and skills for a definite purpose, the term 'development' is a [...]
Everything you need to know about the key differences between a partnership firm and a company. A company is a voluntary association of persons, recognised by law, having a distinctive name, a common seal, formed to carry on business for profit, with capital divisible into transferable shares, limited liability, a corporate body and perpetual succession. "A company is an association [...]