Venezuela - Management time dealing with officials

Time spent dealing with the requirements of government regulations (% of senior management time)

Definition: Time spent dealing with the requirements of government regulations is the proportion of senior management's time, in a typical week, that is spent dealing with the requirements imposed by government regulations (e.g., taxes, customs, labor regulations, licensing and registration, including dealings with officials, and completing forms).

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment