Chapter 1 Key Terms

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Chapter 1 Key terms for Intro to Bus Quant Methods
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Addends Numbers that are 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 units and tenths
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
Dividend Distribution of company's profit in cash or stock to owners of stock
Divisor Number in the division process that is dividing into another. Ex: 15/5 in which 5 is the divisor
Minuend In a subtraction problem the larger number from which another is subtracted
Multiplicand The first or top number being multiplied in a multiplication problem
Multiplier The second or bottom number doing the multiplication in a problem
Partial Products Numbers between multiplier and product
Partial Quotient Occurs when divisor doesn't divide evenly into the dividend
Product Answer to a multiplication process
Quotient The answer to a division problem
Remainder Leftover amount in division
Rounding all the way Process to estimare actual answer. When rounding all the way only one nonzero digit is left. rounding all the way gives the least degree of accuracy. EX: 1,251 to 1,000
Subtrahend In a subtraction problem, smaller number that is subtracted from another.
Sum Total in the adding process
Whole Number Number that is 0 or larger and doesn't contain a decimal or fraction
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