{"id":193315,"date":"2025-02-19T10:00:15","date_gmt":"2025-02-19T10:00:15","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=193315"},"modified":"2025-02-19T10:00:18","modified_gmt":"2025-02-19T10:00:18","slug":"company-bs-software-would-reduce-the-average-search-time-by-12-minutes-at-a-cost-of-4-per-search","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/02\/19\/company-bs-software-would-reduce-the-average-search-time-by-12-minutes-at-a-cost-of-4-per-search\/","title":{"rendered":"Company B&#8217;s software would reduce the average search time by 12 minutes at a cost of $4 per search"},"content":{"rendered":"\n<p>Company B&#8217;s software would reduce the average search time by 12 minutes at a cost of $4 per search.<br>Option 1: What is the productivity of the property title search firm?<br>per Cedi<br>spent (Leave your answer to 2 decimal places)<br>Option 2: What will be the productivity of the property title search firm if Company A&#8217;s software is used for the search?<br>per Cedi<br>spent (Leave your answer to 2 decimal places)<br>Option 3: What will be the productivity of the property title search firm if Company B&#8217;s software is used for the search?<br>per Cedi<br>spent (Leave your answer to 2 decimal places)<br>Based on the productivity ratios calculated for the three options, which option would you recommend? Option<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-ast-global-color-6-color\"><strong>The Correct Answer and Explanation is :<\/strong><\/mark><\/p>\n\n\n\n<p>To calculate the productivity for the different software options, we first need to define the formula for productivity in this context:<\/p>\n\n\n\n<p><strong>Productivity<\/strong> = Output \/ Input<br>Where:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Output = Reduction in average search time (in minutes)<\/li>\n\n\n\n<li>Input = Cost per search (in Cedi)<\/li>\n<\/ul>\n\n\n\n<p>Let&#8217;s go step by step for each option:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Option 1: Productivity without any software<\/h3>\n\n\n\n<p>In this case, we don&#8217;t have any specific details, so the base search time and cost should be provided. For now, let&#8217;s assume that the average search time is 30 minutes per search and the cost is 10 Cedi per search.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Option 1 Productivity:<\/h4>\n\n\n\n<p>[<br>\\text{Productivity (Option 1)} = \\frac{\\text{Reduction in Search Time}}{\\text{Cost per Search}} = \\frac{30}{10} = 3 \\, \\text{minutes per Cedi}<br>]<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Option 2: Productivity with Company A&#8217;s software<\/h3>\n\n\n\n<p>We are given that Company A&#8217;s software would reduce the search time by 10 minutes and costs $5 per search.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Option 2 Productivity:<\/h4>\n\n\n\n<p>[<br>\\text{Productivity (Option 2)} = \\frac{\\text{Reduction in Search Time}}{\\text{Cost per Search}} = \\frac{10}{5} = 2 \\, \\text{minutes per Cedi}<br>]<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Option 3: Productivity with Company B&#8217;s software<\/h3>\n\n\n\n<p>Company B\u2019s software reduces the average search time by 12 minutes at a cost of 4 Cedi per search.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Option 3 Productivity:<\/h4>\n\n\n\n<p>[<br>\\text{Productivity (Option 3)} = \\frac{\\text{Reduction in Search Time}}{\\text{Cost per Search}} = \\frac{12}{4} = 3 \\, \\text{minutes per Cedi}<br>]<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Conclusion and Recommendation:<\/h3>\n\n\n\n<p>Based on the productivity calculations:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Option 1<\/strong>: 3 minutes per Cedi<\/li>\n\n\n\n<li><strong>Option 2<\/strong>: 2 minutes per Cedi<\/li>\n\n\n\n<li><strong>Option 3<\/strong>: 3 minutes per Cedi<\/li>\n<\/ul>\n\n\n\n<p>Options 1 and 3 both provide a productivity of 3 minutes per Cedi, which is the highest. Therefore, the decision on which option to recommend will depend on other factors, such as software quality, user-friendliness, or long-term costs. But based solely on productivity, <strong>Option 1 and Option 3<\/strong> are the best, with no significant difference.<\/p>\n\n\n\n<p>I can now generate a chart to visually represent these productivity ratios.<\/p>\n\n\n\n<p>Here is the bar chart that visualizes the productivity of the property title search firm for the three options. Based on the chart, Options 1 and 3 both deliver the highest productivity of 3 minutes per Cedi, while Option 2 is slightly lower at 2 minutes per Cedi. Therefore, either Option 1 or Option 3 would be the best choice based on productivity.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2025\/02\/image-995-1024x813.png\" alt=\"\" class=\"wp-image-193316\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Company B&#8217;s software would reduce the average search time by 12 minutes at a cost of $4 per search.Option 1: What is the productivity of the property title search firm?per Cedispent (Leave your answer to 2 decimal places)Option 2: What will be the productivity of the property title search firm if Company A&#8217;s software is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-193315","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/193315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=193315"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/193315\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=193315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=193315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=193315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}