Simplify the Exponent Division: 2^4 ÷ 2^3

Let's keep in mind that the numerator and denominator of the fraction have terms with the same base, therefore we use the property of powers to divide between terms with the same base:

$\frac{b^m}{b^n}=b^{m-n}$

We apply it in the problem:

$\frac{2^4}{2^3}=2^{4-3}=2^1$

Remember that any number raised to the 1st power is equal to the number itself, meaning that:

$b^1=b$

Therefore, in the problem we obtain:

$2^1=2$

Therefore, the correct answer is option a.