Clear CMOS vs BIOS Reset

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I've always been curious about this. In my BIOS setup there is an option to 'reset to default values'. I also have the option to remove the CMOS battery and short a pair of pins to clear the BIOS. Do these two operations accomplish the same thing? Is one preferred over the other to bring the BIOS setup to factory default?
 

1405

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Aug 26, 2012
612
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18,995

Ahhh... thank you. If I understand correctly, the BIOS is like the program and the CMOS is like the memory it is stored in.