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What is the difference between "Share" and "Advanced Sharing"?

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Hi!  We're configuring a new 2012 server with File and Storage Services.  The number of permissions options is confusing me.  I do understand that permissions to the file system and to the file share(s) are two different things.  This is where I'm confused:

I've created and shared a folder.  I right click on the folder and choose Properties.  I then click the sharing tab.  There are two buttons here.  One of them says "Share".  If I click that, it says it's shared to Administrator and my user name.  If I click the other button, "Advanced Sharing" and then "Permissions", it's shared for "Everyone".

Which one is it?  Why are there two different permissions for folder sharing and which takes precedence?

Thanks!




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