Tag: 5s

  • Difference Between Statutory and Regulatory Requirements

    Difference Between Statutory and Regulatory Requirements

    “It is not our differences that divide us. It is our ability to recognize, accept and celebrate those differences.” ― Audre Lorde Introduction The currency of any country is a legal tender against which anything can be purchased. The law of the land is to be followed by all the citizens of the country. It is…

  • Difference Between Scrap and Salvage

    Difference Between Scrap and Salvage

    “I do not mind the difference of opinion. I do mind hate.” ― Unknown Introduction In India, when a student purchases a book to study, once the student graduates to the next class, the same book is used by their younger siblings. Once they use it and it cannot be further used in the family, it…

  • Difference Between Trade-off Curves and Opportunity Cost

    Difference Between Trade-off Curves and Opportunity Cost

    “There are no solutions, there are only trade-offs.” ― Thomas Sowell Introduction When the alarm bell rings in the morning, either we wake up or we put the alarm on snooze. When we wake up, either we spend our fresh energy on social media like newspapers, Whatsapp, Facebook etc. or we can channel our energy through…

  • Difference Between VA and VE

    Difference Between VA and VE

    “I do not mind the difference of opinion. I do mind hate.” ― Unknown Introduction What is the difference between illusion and reality? The illusion is an instance of a wrong or misinterpreted perception of sensory experience. While reality is the state of things as they exist like we can see, feel or touch someone. Many…

  • Difference Between Jig and Fixture

    Difference Between Jig and Fixture

    “Realize the difference between truth and opinion.” ― Unknown Introduction What is the difference between day and night? The Earth orbits the Sun once every 365 days and rotates about its axis once every 24 hours. Day and night are due to the Earth rotating on its axis, not its orbiting around the Sun. The term…