Ease of Doing Business Flashcards
1
Q
Coverage of EODB
- all government offices
- includes LGU, GOCC
Must be located in PH. True or False?
Must be providing services covering business transactions. True or False?
A
False → whether located in PH or abroad
False → business and non business transactions
2
Q
Meaning of BOSS
A
Business One Stop Shop
3
Q
Prescribed Periods to Process
- Simple Transactions → only inconsequential or ministerial
- Complex Transactions → necessitate evaluation
- Highly Technical → use of specialized knowledge/skill, pose danger to public
- Require Approval of Sanggunian
A
- Simple = 3 working days from receipt
- Complex = 7 working days from receipt
- Highly Technical = shorter of 20 working days or as determined by agency
- Sanggunian = 45 working days (may be + 20 working days)
4
Q
The maximum number of signatures in any document shall be 5. True or False?
A
False - maximum of 3 signatures only
