Motels are generally aimed at families that are on road trips and for motorists who long for a comfortable bed to sleep in for the night. Hotels, on the other hand, are much more high-end, aimed at boosting...

Depreciation refers to prorating a tangible asset's cost over that asset's life. Amortization usually refers to spreading an intangible asset's cost over that asset's useful life.

A corporation is a separate legal entity from its owners. A partnership is a business entity with individuals who share the risk and benefits of business.

Audit is the inspection, examination or verification of a person, organization, system, process, enterprise, project or product. On the other hand, an evaluation is used to appraise, evaluate, determine the...

An attorney is legally permitted to represent another person or act in his behalf. A lawyer had been trained in law, and can provide legal advice, practice law and conduct lawsuits.