What's the difference between `On Error Resume Next` and `On Error GoTo` in Excel VBA?

`On Error Resume Next` allows the code to continue executing on the *next* line of code after an error occurs. `On Error GoTo` jumps to a specified label where error handling logic resides. `Resume Next` will often be used *within* a handler that was reached via `On Error GoTo` to effectively continue to the next line.