If a Function Decreases by 7% Each Year, Then the Yearly

question 28

Multiple Choice

If a function decreases by 7% each year, then the yearly decay factor is ​

• A) 1.07
• B) 7
• C) 0.07
• D) 0.93

---

Definitions:

Global Markets

Refers to the international exchange of goods, services, and capital among various countries without much restriction.

Quality Production

The process of manufacturing products that meet or exceed customer expectations in terms of durability, functionality, and design.

Distribution Systems

Networks involved in moving a product or service from the supplier to the customer, covering warehousing, transportation, inventory management, and delivery.

Outsourcing

The practice of hiring third parties to perform services, handle operations or provide goods that are either difficult to manage or outside the company's expertise.