Chapter 1 Key Terms - Introduction to Business Quantitative Methods

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Adding, Subtracting, Multiplying, & Dividing
SAM HARRIS
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Addends Number that is combined in the addition process. Example: 8+9=17, in which 8 and 9 are the addends.
Decimal Point Center of the decimal system - located between unites and tenths. Numbers to the left are whole numbers; to the right are decimal numbers.
Decimal System The U.S. base 10 numbering system that uses the 10 single-digit numbers shown on a calculator.
Difference The resulting answer from a subtraction problem. Example: Minuend less subtrahend equals difference.
Dividend Number in the division process that is being divided by another. Example: 15/5, in which 15 is the dividend.
Divisor Number of the division process that is dividing into another. Example: 15/5 in which 5 is the divisor.
Minuend In a subtraction problem, the larger number from which another is subtracted. Example: 50-40=10
Multiplicand The first or top number being multiplied in a multiplication problem. Example: Product 12= Multiplicand 20 x Multiplier 2
Partial Products Numbers between multiplier and product.
Partial Quotient Occurs when divisor doesn't divide evenly into the dividend.
Product Answer of a multiplication process. Example: 5 x 10 = 50 (Product)
Quotient The answer of a division problem.
Remainder Leftover amount in division.
Rounding all the way Process to estimate actual answer. When rounding all the way, only one nonzero digit is left. Rounding all the way gives the least degree of accuracy. Example: 1,251 to 1,000
Subtrahend In a subtraction problem, the smaller number that is being subtracted from another. Example: 150-30=120 30 is the Subtrahend
Sum Total in the adding process.
Whole Number Number that is 0 or larger and doesn't contain a decimal or fraction, such as 10, 55, or 92
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