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Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF Download: Tamil Nadu STD 12th Commerce Chapter 19 Environmental Factors Notes

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Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF Download: Tamil Nadu STD 12th Commerce Chapter 19 Environmental Factors Notes
Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF Download: Tamil Nadu STD 12th Commerce Chapter 19 Environmental Factors Notes


Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF Download: Students of class can download the Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF Download from our website. We have uploaded the Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors notes according to the latest chapters present in the syllabus. Download Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Chapter Wise Notes PDF from the links provided in this article.


Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF Download

We bring to you specially curated Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF which have been prepared by our subject experts after carefully following the trend of the exam in the last few years. The notes will not only serve for revision purposes, but also will have several cuts and easy methods to go about a difficult problem.


Board

Tamilnadu Board

Study Material

Notes

Class

Samacheer Kalvi 12th Commerce

Subject

12th Commerce

Chapter

Chapter 19 Environmental Factors

Format

PDF

Provider

Samacheer Kalvi Books

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Download Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Chapterwise Notes PDF

Students can download the Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF from the links provided in this article.


I. Choose the Correct Answers

Question 1.
VUCA Stands for ………….
a) Volatility, Uncertainty, Complexity and Ambiguity
b) Value, Unavoidable, Company and Authority
c) Volatility, Uncontrollable, Company and Auction.
d) All of the above
Answer:
a) Volatility, Uncertainty, Complexity and Ambiguity

Question 2.
GST stands for ………..
a) Goods and social tax
b) Goods and service tax
c) Goods and sales tax
d) Goods and salary tax
Answer:
b) Goods and service tax

Question 3.
Factors within an organization constitutes ………… environment.
a) Internal Thinker
b) External Thinker
c) Fellow human beings
d) All of the above
Answer:
a) Internal Thinker

Question 4.
The two major types of business environment are and …………
a) Positive and Negative
b) Internal and External
c) Good and Bad
d) Allowable and Un allowable
Answer:
b) Internal & External

Question 5.
…………….. Environment includes weather and climatic conditions.
a) Micro
b) Macro
c) Minimum
d) Maximum
Answer:
b) Macro

II. Very Short Answer Questions

Question 1.
Define Business environment.
Answer:
According to Bayard O Wheeler, the Business environment is “the total of all things external to firms and industries which affect their organisation and operations”.

Question 2.
What is Internal Environment?
Answer:

  • Internal Environment refers to those factors within an organization
  • (eg) Policies- organizational structure- Programmes – Employees [POPE]
  • It can be controlled and changed
  • It is known as controllable factors.

Question 3.
Give the meaning of corporate governance.
Answer:
Corporate governance is a set of rules and policies which govern a company. It provides a framework for managing a company and achieving its objectives.

Question 4.
What is GST?
Answer:

  • Goods and services tax [GST] is an indirect tax levied on goods and services across the country.
  • It is a comprehensive, multi-stage destination-based tax that is levied on every value addition.
    • Uncertainty
    • Complexity
    • Ambiguity

III. Short Answer Questions

Question 1.
What are the political environment factors?
Answer:

  • Framework for running a business is given by the political and legal environment
  • The legislative, executive and judiciary are the three political institutions which direct and influence a business
  • Political stability is reflected by the following parameters like election system, law and order situations, military, police force, civil war etc.
  • The image of the leader and the country in the international area.
  • Legal framework of business and their degree of flexibility
  • The constitution of the nation

Question 2.
Write about any three internal environmental factors of business?
Answer:
Values system:

  • The values of the owner (founder) of the business, percolates down to the entire organization.
  • External associates like suppliers and distributors consider the value system practiced by an organization with a strong culture of ethical standards and values.

Vision and objectives:
The vision and objectives of a business guide its operations and strategic decisions.

Management structure and nature:
The structure of management (Board) and their style of functioning, the professionalism of management, the composition of the board are the various factors which affects the decision making.

Human resource:
The success of an enterprise is solely dependent on the quality, skill competency, right attitude and commitment of its human resources.

Question 3.
State the framework of Corporate Governance in India.
Answer:
The Indian Corporate Governance framework requires listed companies:

  1. to have independent directors on the board. At least one-third of the directors have to be independent directors.
  2. to have at least one independent woman director.
  3. to disclose all deals and payments to related parties.
  4. to disclose details of managerial compensation.

Question 4.
What are the functions of the GST council?
Answer:

  • The tax cases and surcharges levied by the union, the state, and local bodies may be subsumed in the GST.
  • The goods and services that may be subjected to, or exempted from the GST.
  • The threshold limit of turnover below which goods and services may be exempted from the GST.
  • The rates including floor rates with bands of the GST.
  • Any special rates for a specified period, to raise additional resources during any natural calamity or disaster.
  • Any other matters relating to the GST, as the council may decide.

Question 5.
What do you know about the technological environment?
Answer:
The development in IT and telecommunications has created a global market. Technology is widely used in conducting market research for understanding the special needs of the customer. This dynamic environment also includes the following:

  1. the level of technology available within the country
  2. rate of change in technology
  3. the technology adopted by competitors
  4. technological obsolescence

IV. Long Answer Questions

Question 1.
Discuss the role of the macro Environment of Business.
Answer:
This is the general or overall environment in which the business operates. The success of a business is dependent on its ability to adapt to the macro environment.
Role of Macro-environment:

  1. Business is an integral part of the economic system prevalent in a nation.
  2. Business is a part of society. Social environment refers to the sum total of factors of the society in which the business is located.
  3. The success of a business lies in its ability to adapt and sustain political and legal changes.
  4. The legislative, executive, and judiciary are the three political institutions which direct, and influence a business.
  5. The natural, geographical and ecological factors have a bearing on the business.

Question 2.
Describe the economic environment of business.
Answer:
Economic Environment:
Business is an integral part of the economic system prevalent in a country
The multiple variables in the macro-environment system which has a bearing on business include:

  • The nature of the economy based on the stage of development and categorized on the basis of growth and per capita income as a developed country (USA) Developing country (India) and underdeveloped country, (Somalia)
  • The nature of economic systems can be classified as a capitalistic, socialistic and mixed economy.
  • Monetary policy, fiscal policy, industrial policy, trade policy, export-import policy etc. are the economic environment.
  • The economic indices like GDP.GNP, National income, per capita income etc are an important part of it.
  • The organization and development of the monkey market, capital market securities market and, the banking system have a greater impact.
  • The Economic structure includes capital formation, investment pattern, the composition of the trade balance, occupational distribution of the workforce, and the structure of the national output.

Question 3.
Explain the micro Environmental factors of the business.
Answer:
Microenvironmental factors are those, which are in the immediate environment of a business affecting its performance. These include the following:

  1. Suppliers: In any organisation the suppliers of raw materials and other inputs play a vital role. Timely procurement of materials from suppliers enables continuity in production and reduces the cost of production.
  2. Customers: The aim of any business is to satisfy the needs of its customers. The customer is the king of the business.
  3. Competitors: All organisations face competition at all levels local, national and global. Competitors maybe for the same product or for similar products.
  4. Financiers: The financiers of a business includes the debenture holders and financial
    institutions.
  5. Marketing Channel members: The marketing intermediaries serve as a connecting link between the business and its customers. The middlemen like dealers, wholesalers, and retailers ensure the transfer of products to customers.

12th Commerce Guide Environmental Factors Additional Important Questions and Answers

I. Choose the Correct Answers

Question 1.
…………………… Environment refers to those factors within an organization.
a) External
b) Internal
c) Micro
d) Macro
Answer:
b) Internal

Question 2.
…………………. Environment refers to those factors outside the business
a) Internal
b) External
c) Technological
d) Geophysical
Answer:
b) External

Question 3.
Suppliers, customers, Competitors, financiers, channel members and the public are ………………. Environmental factors.
a) Macro
b) Micro
c) Social
d) logical
Answer:
b) Micro

Question 4.
Economic, Socio-cultural, political and legal, Geophysical Ecological, Technological and global are …………… Environmental factors
a) Micro
b) Minimum
c) Macro
d) Maximum
Answer:
c) Macro

Question 5.
Pick the odd one out.
a) Economical factor
b) Ecological factor
c) Political factor
d) Suppliers
Answer:
d) Suppliers

Question 6.
Pick the odd one out.
a) customers
b) Competitors
c) financiers
d) Socio-cultural
Answer:
d) Socio-cultural

Question 7.
Which one of the following is not correctly matched:
a) V – Volatility
b) C – Complexity
c) A – Ambiguity
d) U – Uncontrollability
Answer:
d) U – Uncontrollability

Question 8.
The size and composition of the population is part of …………. environment.
a) Socio-cultural
b) Economical
c) Ecological
d) Natural
Answer:
a) Socio-cultural

Question 9.
GST is a.
a) Direct Tax
b) Indirect Tax
c) Income Tax
d) Local Tax
Answer:
b) Indirect Tax

Question 10.
Export-Import policy is related to which business environment?
a) Economic environment
b) Socio-cultural environment
c) Political – legal environment
d) Technological environment
Answer:
a) Economic environment

II. Match the following.
Question 1.

List-I

List-II
i. Internal Environment 1. IT Communication
ii. External Environment 2. Human resources
iii. Micro Environment 3. Uncontrollable
iv. Macro Environment 4. Controllable

a) i-4, ii-3, iii-2, iv-1
b) i-4, ii-2 iii-3, iv-1
c) i-4, ii-1, iii-2, iv-3
d) i-4, ii-2, iii-1, iv-3
Answer:
a) i-4, ii-3, iii-2, iv-1


Question 2.

List -I

List-II
i. Values system 1. Raising finance
ii. VisIon and objectives 2. Board
iii. Management structure 3. Liberate farmers
iv. Company image 4. Founde-owner

a) i-4, ii-3, iii-2, iv-1
b) i-1, ii-2 iii-3, iv-4
c) i-1, ii-2, iii-4, iv-3
d) i-2, ii-1, iii-3, iv-4
Answer:
a) i-4, ii-3, iii-2, iv-1

III. Assertion and Reason
Question 1.
Assertion (A) : All organizations face competition at all levels local, national and global.
Reason (R) : The business has to understand its competition and modify its business.
a) (A) and (R) are correct (R) is the correct explanation of (A)
b) (A) is correct (R) is the correct explanation of (A)
c) (A) and (R) are incorrect
d) (A) correct and (R) incorrect
Answer:
a) (A) and (R) are correct (R) is the correct explanation of (A)

IV. Very Short Answer Questions

Question 1.
What is Social – Cultural environment?
Answer:
Business is a part of society. Social environment refers to the sum total of factors of the society in which the business is located. It affects the business.

Question 2.
What is environmental scanning?
Answer:

  • Environment scanning is the gathering of information from an organization.
  • Internal and external environments and careful monitoring of these environments to identify future threats and opportunities.

Question 3.
What is a mixed economy?
Answer:

  • The mixed economy is a combination of both public sector and private sector ownership
  • It is a combination of both capitalism and socialism.

V. Short Answer Questions

Question 1.
Explain the kinds of GST:
Answer:
Central goods and services tax: [CGST]

It is collected by the central government on an intra- nation sale.
[eg] Transactions happening in any states within India.

State goods and services tax: [SGST]
It is collected by the State government on an intra-state sale, [eg] Transactions happening within Tamilnadu.

Integrated goods and services tax: [IGST]
It is collected by the central government on an inter-state sale, [eg] Transactions happening between TamilNadu and Kerala

Union territory goods and services tax: [UGST]
It is collected by the Union territories [eg] Transactions happening within Pondichery

Question 2.
What are the microenvironment factors?
Answer:
Microenvironment factors refer to those factors which are in the immediate environment of a business affecting its performance.
It includes:

  • Suppliers
  • Customers
  • Competitors
  • Financiers
  • Marketing Channel members
  • Public

Question 3.
Write a note on the future environment of business.
Answer:

  • The future environment of business in this age of rapid technological advancement has been captured in VUCA
  • Volatility, Uncertainty, Complexity, and Ambiguity
  • It is now important for every business to meet the challenges posed by the environment in order to remain competitive.
  • The uncertain conditions and situations require a firm to be prepared to face the volatility by planning
  • In a VUCA environment, a firm has to be forward-looking anticipating the change, adaptability will remain essential for the success of business in an ambiguous, uncertain environment.

VI. Long Answer Questions.

Question 1.
Discuss the significance of understanding the business environment and the internal factors affecting business.
Answer:
Significance:

  • Helps in formulating strategy and future planning
  • Enables to identify the opportunities available
  • Environmental scanning
  • Business aids
  • Public image

Internal factors affecting business:

  • Values system
  • Vision and objectives
  • Management structure and nature
  • Internal power relations [human resource]
  • Company image
  • Other factors- structure- network- physical -resources.

How to Prepare using Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF?

Students must prepare for the upcoming exams from Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors Notes PDF by following certain essential steps which are provided below.


  • Use Samacheer Kalvi 12th Commerce Chapter 19 Environmental Factors notes by paying attention to facts and ideas.
  • Pay attention to the important topics
  • Refer TN Board books as well as the books recommended.
  • Correctly follow the notes to reduce the number of questions being answered in the exam incorrectly
  • Highlight and explain the concepts in details.


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