This article will help you to learn about the difference between the Instalment system and the Hire purchase system. Difference between Instalment System and Hire Purchase System Hire Purchase System 1. Ownership: The ownership lies with the seller until the last instalment is paid by the buyer. 2. Rights of Seller: If the buyer fails to make the payment in [...]
This article will help you to learn about the diffeerence between management and administration. Difference between Management and Administration Management 1. Function Performed: It is concerned with formulation of broad objectives, plans and policies. 2. Type of Work: Decision making/thinking function. 3. Level of Authority: Higher levels of management. 4. Decisions to be Taken: It decides what is to be [...]
This article will help you to learn about the difference between management, administration, and organization. Difference between Management, Administration, and Organisation Difference between Management, Administration, and Organisation J.N. Schulze has differentiated between management, administration and organisation in the following way: Administration is the force which lays down the objectives for which an organisation and its management are to strive and [...]