What are the conventions of a conversation? How does it differ from other speech events?

Conventions of a conversation: 

It is also known as the ‘doctrine of prudence’. Convention of Conservatism states to anticipate all the future losses and ignore gains.

The managers who are responsible for running the business successfully are also human beings. They always try to give a favorable report for the business they are handling.

But as Financial Accounting Standards Board says, “prudent reporting based on a healthy skepticism builds confidence in the results, in the long run, best serves all of the divergent interests. This reporting has resulted in the birth of the conservatism concept.

Difference between speech and conversation:

Speech is the process of talking to a group of people in a formal, deliberate way so as to educate, influence or entertain the audience.

Interaction between two or more people who obey etiquette rules is a form of interactive, spontaneous communication is known as conversation.

i.Speeches comprise and include thoughts which are logically organised and structured, while conversations can wander around topics/subjects.

ii. Speeches use formalised language, whereas conversation use slang, at times poor grammar, or profanity. 

iii. Speeches are usually delivered in intentional, deliberate settings and contexts, while conversations arise spontaneously.

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