Why should businesses participate in the Survey of Regulatory Compliance Costs?

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Why should businesses participate in the Survey of Regulatory Compliance Costs?

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A. There is a lack of quantitative data to assess the burden. Although it is ironic to ask businesses to complete a survey about paperwork, the survey is a short-term effort to be used for long-term savings in time and resources. The data collected through the survey allows the government to measure the burden, identify priorities for reduction and track the results of efforts to reduce the cost of compliance. Businesses are strongly encouraged to complete the survey to ensure reliability of the data.

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