Difference Between Chapter 7 and Chapter 11 Bankruptcy

In the United States, there are different options when it comes to settling liabilities. In the instance that an entity is unable to pay for their debts using their present cash, they have the option of filing for bankruptcy. Chapter 7 and 11 bankruptcy are only two of the alternatives an entity may have. We … Read more

Difference Between a Joint Venture and Partnership

A business can come in different forms, like a sole proprietorship, corporation, joint venture or a partnership. Among these types, joint venture and partnership are commonly mistaken for each other. Here are the variations between a joint venture and partnership. A joint venture is a contractual agreement between two companies or parties to join together … Read more

Difference Between Quality Control and Quality Assurance

Quality is a prime factor in today’s competitive business world and companies dedicate substantial resources to ensure that their products and services meet or exceed market quality standards. Quality Control and Quality Assurance are distinct processes within production or service delivery that are used to manage such quality. More specifically, quality control is centered on … Read more