Americans With Disabilities Act and Its Impact

Americans With Disabilities Act and Its Impact on Business

History of the Americans with Disabilities Act and its impact on business organizations today

American Disability Act (ADA) is one of the laws defined by the legislatives of the U.S. In order to provide a meaningful and optimistic impact for the people with disabilities. The Americans with Disabilities Act (ADA) provides all the individuals with the civil rights protections who confront with disabilities on the basis of race, sex, national origin, or religion (Miller & Jentz, 2007).

This means that according to the law, the segment of job market, transportation, public accommodations, state and local government services and every other field must provide equal opportunities for all the individuals with disabilities and must not reflect a discriminative conduct. Employers are prohibited to discriminate or have biased attitude against any individual with disabilities who is well qualified for the particular job or position. Moreover, the employers are also forbid to discriminate individuals with disability in compensations, trainings, and other privileges provided against employment (Miller & Jentz, 2007).

However, it has been analyzed that ADA creates a dramatic impact on physical as well as operational aspects of businesses of today, and predominantly catastrophic and devastating impact on the small business organizations. Architecture, policies and procedures, mobility devices, communication efforts and so forth are few of the vital and essential barriers in the modern times for the business owners that they need to consider with gravity with respect to individuals with disabilities (Miller & Jentz, 2007).

What is Sarbanes-Oxley and what kind of impact has it had on business fraud?

Sarbanes-Oxley Act (SOX) on the other hand, is a federal law designed for all U.S. public company boards, management and public accounting firm with improved and new principles and values that is based on the rules and laws of financial practice as well as corporate governance. Public Company Accounting Reform and Investor Protection Act and Corporate and Auditing Accountability and Responsibility Act are another expressions used for Sarbanes-Oxley Act (Miller & Jentz, 2007).

This act was passed as a result of major scandals and frauds in the businesses with the primary aim to provide an improved supervision with more stringent rules for the companies with respect to the management of their finances and books. This act is also associated with the auditing and evaluation of the accounts. This check and balance allied with the Sarbanes-Oxley Act created a huge impact on the businesses, as the individuals were no longer protected from the prosecution for fraud (Miller & Jentz, 2007).

This act also protected the business from having fraudulent incidents because the Sarbanes-Oxley act amplified the penalties for the people that committed fraud crimes. On a broad spectrum, the Sarbanes-Oxley act created a beneficial and valuable effect on not only businesses but also on commerce, finance, the accounting profession as well as the U.S. economy (Miller & Jentz, 2007).

Describe and provide an example of a barrier to international trade.

International trade usually refers to the exchange of goods or services between two or more countries (parties) from anywhere around the world on a universal basis. However, when the countries link together for trade on a worldwide basis, international barriers are likely to occur. Non-tariff barrier, tariff barrier and voluntary constraint are the few common barriers to international trade (Stoll & Schorkopf, 2006).

Taking into account the barrier of tariff in an international trade, it usually refers to the duties, taxes and quotas are imposed on the countries that are making an export to the other country. The home country (that is making an import) employs tariffs on the other countries so that they can discourage the exporter country and reduce the items that are imported. Due to the decreased import, the prices of the imported items are escalated to an accelerated level. Consequently, the imported items witness a fall in their demand, and hence the demand for the domestic products is boosted (Stoll & Schorkopf, 2006).

For example, Norway and Sweden had imposed huge tariff duties on forest products in order to encourage and persuade the woodworking, and paper manufacturing in their own country.

What is the World Trade Organization (WTO) and what has it done for trade? 200

The World Trade Organization (WTO) is simply an international organization on a worldwide basis that handles and deals with the rules of trade between nations. The fundamental goal of WTO is to facilitate and aid the manufacturers, exporters, and importers to carry out their business operations. The Secretariat of WTO plays an integral role in coordinating the activities and disputes amongst the member states. Building trade capacities and trade negotiations are few of the major concerns administered and managed by the World Trade Organization (Stoll & Schorkopf, 2006).

WTO agreements have set special provisions and measures for many of the nations that can help them increase and enhance their trading opportunities. In this regard, WTO comprehensively supports them to build their trade capacity. WTO provides its support and help for trade to the countries with the primary intention to assist the developing countries build and expand their skills and infrastructure that can be of assistance in their trading activities on international platform (Stoll & Schorkopf, 2006).