Both the PN junction diode and the Zener diode are semiconductor devices that are extensively used in various electronic circuits. A PN junction diode is mainly used for rectification (transforming AC into DC), while a Zener diode is used for voltage regulation in the electronic circuits.There are a number of differences in both PN junction diode and Zener diode which are explained in detail in the below table. Before going into the discussion about the differences between PN junction diode and Zener diode, it is fruitful to get the basic details about the PN junction diode and Zener diode.What is ... Read More
A magnet is a material or object which has ability to produce a magnetic field and can attract or repel other ferromagnetic materials. Based on the method of production of magnetic field, the magnets are classified into two types viz. −Permanent magnetElectromagnetThe main difference between an electromagnet and a permanent magnet is that an electromagnet produces the magnetic field by the effect of electric current flowing through a coil insulated wire wound around a piece of soft magnetic material. Whereas, a permanent magnet is made up of hard magnetic material and once it is magnetized, it can produce the magnetic ... Read More
Voltage and current are the two fundamental electrical quantities. The voltage is the factor in an electric circuit which causes electric current to flow in the circuit. The magnitude of the voltage and current depend upon each other. However, there are several differences between voltage and current which are described in the comparison chart below.What is Voltage?The difference in the electric potential between two points in an electric circuit is known as voltage. The voltage is also known as potential difference or electric pressure or electric tension. If the work done in moving a unit positive charge (Q) from one ... Read More
Welding and soldering are widely used in the fabrication industry. Both welding and soldering are used for joining metallic parts by the application of heat. In this article, we will compare welding and soldering by considering various factors like metaling temperature, heat source, use of flux, deformation, etc. But, before discussing about the differences between soldering and welding, it is advantageous to get the basic details of welding and soldering.What is Welding?A fabrication process which is used to join materials (metals or thermoplastics) by the application of high heat to melt the parts together and allowing them to cool, causing ... Read More
The electric power supply we use in our day-to-day life is of AC or alternating current power supply. The alternating current or AC supply is the type of electric power supply in which the magnitude of the electric current changes continuously with time and the direction changes periodically. Almost 90% of the electric power supply that we use at our home, office, industries come from alternating sources like alternators.Based on the number of phases in the supply system, the AC power supply can be classified into two types viz. −Single-Phase AC SupplyThree-Phase AC SupplyIn this article, we will explain the ... Read More
The interruption in the supply of electricity has increased drastically over the years due to increased demand and it influenced the electricity industry. To overcome the problem of irregularities in the electricity supply, two of the most common technologies viz. generator and inverter of electric power supply are used. The generator and inverter both are the power backup devices used in case of electricity failure to produce electric supply without any disruption.In this article, we will discuss the differences between the generator and inverter on the basis of various parameters such as voltage, starting time, installation, maintenance, size and cost, ... Read More
Every business requires a smooth working capital management policy in order to remain in good health and compete with its competitors. The policies a business adopts affect its working capital management norms.For example, the credit policy of the firm and price level changes affect the firm’s financial norms greatly. Here’s how.Effect of Credit Policy On Working CapitalFirms often need to sell their goods in credit to remain attractive to the customers. However, a firm should not be slack in maintaining the credit policy in order to avoid unnecessary delays and missed opportunities. Credit sale creates debtors and managing debtors well ... Read More
What is Net Working Capital Management?The concept of net working capital management should be applied to organizations individually as there is no precise measure to which the net concept of working capital management should be applied to a firm. It depends on the financial status and needs of an organization to which the net concept should be applied to get a holistic solution for managing working capital.Working capital management is related to the management of all aspects of working capital. These aspects are marketable securities, cash, stock, debtors, and creditors. Financial managers must focus their attention on these aspects as ... Read More
Role of Credit PolicyIt is known to all that having a good amount of working capital is necessary for the smooth functioning of businesses. For example, the credit policy of a company plays a pivotal factor in managing the working capital of a company.Companies often need to sell their products on credit to keep and gain market share. It is not possible for all products to get sold instantly which can generate immediate revenues. Therefore, the retailers may ask for a credit to sell the products and then pay for them to the manufacturers.A business company therefore must adhere to ... Read More
What is Operational Efficiency?Operating efficiency is the efficiency that is obtained due to efficient utilization of fixed and current assets and other resources of the firms. It is an indicator of better management and good health of a business firm. Operating efficiency is not easy to obtain because all of the resources of a company must work in tandem to achieve it.Operating efficiency is the use of the resources of the company at the minimum cost. Therefore, it is the optimum utilization of funds at minimal expenses. As the companies strive to utilize all of the resources, the use of ... Read More