Study sets matching "vocab chapter 7 business math"

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Study sets matching "vocab chapter 7 business math"

Business Math Chapter 7 and 8
cash value
budget
average monthly expenses
life insurance
The amount your life insurance policy is worth if it is cance…
Future spending plans.
The sum of the monthly amounts spent on a particular expense…
A way of protecting your family from financial hardship when…
cash value
The amount your life insurance policy is worth if it is cance…
budget
Future spending plans.
25 terms
Business Math Chapter 7
Bond Discount
Bond Premium
Bonds
Bondholders
when the amount of market value of a bond is less than the pa…
when the market value of a bond is more than par value
written promise to repay the money loaned on the due date
people who own the bonds
Bond Discount
when the amount of market value of a bond is less than the pa…
Bond Premium
when the market value of a bond is more than par value
5 terms
Business Math Chapter 7
Average-daily-balance Method
Charge Account
Credit Card
Finance Charge
computing the finance charge on a credit account based on the…
an existing line of credit, often at a particular business
a card that allows the card holder to purchase goods and serv…
interest that is charged to a credit account if the account h…
Average-daily-balance Method
computing the finance charge on a credit account based on the…
Charge Account
an existing line of credit, often at a particular business
27 terms
Chapter 7 - Business Math
Manufacturer
Wholesaler
Retailer
Consumer
Makes the product
An intermediary entity in the distribution channel that buys…
sell goods directly to individuals
a person who purchases goods and services for personal use.
Manufacturer
Makes the product
Wholesaler
An intermediary entity in the distribution channel that buys…
6 terms
Business Math - Chapter 7: Charge Accounts and Credit Cards
credit card
charge account
account statement
finance charge
A card authorizing purchases on credit.
An existing line of credit at the business that issued it.
A bank statement that shows the status of your account, inclu…
Interest charged by a credit card or charge account company f…
credit card
A card authorizing purchases on credit.
charge account
An existing line of credit at the business that issued it.
Chapter 7-Vocabulary (math)
Adjacent angels
Pyramid
Right Triangle
Scalene Triangle
Angles that share a common vertex, a common side, and do not…
A polyhedron with one base that is a polygon and three or mor…
A triangle with one right angle.
A triangle with no congruent sides .
Adjacent angels
Angles that share a common vertex, a common side, and do not…
Pyramid
A polyhedron with one base that is a polygon and three or mor…
Chapter 7 Math Vocabulary
exponential notation
exponent
factor
line graph
mathematical method for writing longer multiplication problem…
power to which a given number or expression is to be raised,…
a number or quantity that when multiplied with another produc…
type of chart which displays information as a series of data…
exponential notation
mathematical method for writing longer multiplication problem…
exponent
power to which a given number or expression is to be raised,…
Business Math Vocab.- Chapter 7
credit card
charge account
account statement
finance charge
a card authorizing purchases on credit
an existing line of credit at the business that issued it
lists all the items that you purchased and other transactions
interest that the company charges to a credit account for not…
credit card
a card authorizing purchases on credit
charge account
an existing line of credit at the business that issued it
15 terms
Business Math Chapter 7 Vocab
Individual Retirement Account (IRA)
Market Price
Bond Discount
Bond Premium
Retirement Investment
The price at which a stock or bond is sold; the price or valu…
When the amount of market value of a bond is less than the pa…
When the market value of a bond is more than par value
Individual Retirement Account (IRA)
Retirement Investment
Market Price
The price at which a stock or bond is sold; the price or valu…
6 terms
Business Math - Chapter 7: Charge Accounts and Credit Cards
credit card
charge account
account statement
finance charge
A card authorizing purchases on credit.
An existing line of credit at the business that issued it.
A bank statement that shows the status of your account, inclu…
Interest charged by a credit card or charge account company f…
credit card
A card authorizing purchases on credit.
charge account
An existing line of credit at the business that issued it.
8 terms
Mrs. Schaffer - Business Math - Chapter 7
Credit card
Cash advances
APR
Finance charges
a card issued by a financial company giving the holder an opt…
a service provided by most credit card and charge card issuer…
the annual rate that is charged for borrowing, expressed as a…
interest or a fee charged for borrowing money or buying on cr…
Credit card
a card issued by a financial company giving the holder an opt…
Cash advances
a service provided by most credit card and charge card issuer…
25 terms
Business Math Chapter 7 vocab
Manufacturer
Wholesaler
Retailer
Consumer
a person, group, or company that owns or runs a manufacturing…
the sale of goods in quantity, as to retailers or jobbers, fo…
the sale of goods to ultimate consumers, usually in small qua…
Economics. a person or organization that uses a commodity or…
Manufacturer
a person, group, or company that owns or runs a manufacturing…
Wholesaler
the sale of goods in quantity, as to retailers or jobbers, fo…
15 terms
Math Chapter 7 Vocabulary
Acute
Obtuse
Right
Straight
Angle less than 90
Angle more than 90
Angle that is 90
180 degree angle
Acute
Angle less than 90
Obtuse
Angle more than 90
Math Chapter 7 Vocabulary
order of operations
divide
dividend
divisor
a special set of rules that gives the order in which calculat…
to separate into equal groups
the number that is to be divided in a division problem
the number that divides the dividend
order of operations
a special set of rules that gives the order in which calculat…
divide
to separate into equal groups
7 terms
Business Math Chapter 7 and 8
cash value
budget
average monthly expenses
life insurance
The amount your life insurance policy is worth if it is cance…
Future spending plans.
The sum of the monthly amounts spent on a particular expense…
A way of protecting your family from financial hardship when…
cash value
The amount your life insurance policy is worth if it is cance…
budget
Future spending plans.
Chapter 7 Math Vocabulary
known fact
inverse operation
decompose
Identity Property of Multiplication
A fact I have memorized.
Two operations that undo each other, such as multiplication a…
To separate, or take apart a number.
The property that states that any number multiplied by one, t…
known fact
A fact I have memorized.
inverse operation
Two operations that undo each other, such as multiplication a…
11 terms
Chapter 7 math vocabulary
algebraic expression
base
coefficient
equivalent expression
an expression that contains at least one variable, for exampl…
a number used as a repeated factor
a number that is multiplied by a variable
expressions that are equal to each other for any values of th…
algebraic expression
an expression that contains at least one variable, for exampl…
base
a number used as a repeated factor
12 terms
Chapter 7 Math Vocabulary
Associative Property of Addition
Commutative Property of Addition
Composite number
Denominator
The property that states that you can group addends in differ…
The property that states that when the order of two fractions…
A number having more than two factors.
The number below the bar in a fraction that tells how many eq…
Associative Property of Addition
The property that states that you can group addends in differ…
Commutative Property of Addition
The property that states that when the order of two fractions…
7 terms
Math Vocabulary Chapter 7
fraction
mixed number
denominator
unit fraction
a number that names a part of a whole or part of a group
An amount given as a whole number and a fraction
The bottom number in a fraction that tells how many equal par…
a fraction that has a numerator of 1
fraction
a number that names a part of a whole or part of a group
mixed number
An amount given as a whole number and a fraction
Chapter 7 Math Vocabulary
equation
equals sign
solve
solution
A mathematical sentence showing two expressions are equal. An…
A symbol of equality =.
To replace a variable with a value that results in a true sen…
The value of a variable that makes an equation true. The solu…
equation
A mathematical sentence showing two expressions are equal. An…
equals sign
A symbol of equality =.
13 terms
Business Math (Chapter 7): Applications of Simple Interest
Guaranteed Investment Certificate (GIC)
Non-redeemable Guaranteed Investment C…
Treasury bills (T-bills)
Commercial Paper
This is a type of investment. It is a Canadian investment tha…
This is a type of investment. The deposited funds cannot be w…
This is a type of investment. T-bills are contracts issued to…
This is a type of investment. These are issued by corporation…
Guaranteed Investment Certificate (GIC)
This is a type of investment. It is a Canadian investment tha…
Non-redeemable Guaranteed Investment C…
This is a type of investment. The deposited funds cannot be w…
10 terms
Chapter 7 math vocabulary
Ratio
Equivalent ratios
Rate
Unit rate
is a comparison of two numbers
two ratios that name the same number
is a ratio involving two quantities in different units.
the rate for ONE unit of a given quantity
Ratio
is a comparison of two numbers
Equivalent ratios
two ratios that name the same number
36 terms
Chapter 7 Math Vocabulary
vertex
right angle
acute angle
obtuse angle
The common endpoint of an angle
an angle that measures 90 degrees
an angle that measures less than 90 degrees
An angle that measures more than 90 degrees but less than 180…
vertex
The common endpoint of an angle
right angle
an angle that measures 90 degrees
9 terms
Chapter 7 Math Vocabulary
Equal Sign
Solution
Inverse Operations
Division Property of Equality
Used in a mathematical sentence to show that two expressions…
is the value of a variable.
Operations that undo each other
When you solve an equation by dividing both sides of the equa…
Equal Sign
Used in a mathematical sentence to show that two expressions…
Solution
is the value of a variable.
Math Chapter 7 Vocabulary
non-numeric pattern
numeric pattern
pattern
rule
a pattern using shapes and symbols that follows a rule
a pattern using numbers that follows a rule
a list of numbers, figures, or symbols that follow a rule
a description of a relationship between numbers or shapes tha…
non-numeric pattern
a pattern using shapes and symbols that follows a rule
numeric pattern
a pattern using numbers that follows a rule
10 terms
Chapter 7 Math Vocabulary
Addition Property of Equality
Division Property of Equality
equals sign
equation
property of equality used to solve subtraction equations
property of equality used to solve multiplication equations
a symbol of equality
mathematical sentence showing two expressions are equal
Addition Property of Equality
property of equality used to solve subtraction equations
Division Property of Equality
property of equality used to solve multiplication equations
9 terms
GoMath! Chapter 7, vocabulary
order of operations
divide
dividend
divisor
a special set of rules that gives the order in which calculat…
to separate into equal groups
the number that is to be divided in a division problem
the number that divides the dividend
order of operations
a special set of rules that gives the order in which calculat…
divide
to separate into equal groups
Intro to Business Chapter 7 Vocabulary
Management Plan
Organization Chart
Line Authority
Centralized Organization
plan that divides a company into different departments run by…
shows how a business is structured and who is in charge of whom
Organization structure where managers at the top of the line…
organization that puts authority in one place with top manage…
Management Plan
plan that divides a company into different departments run by…
Organization Chart
shows how a business is structured and who is in charge of whom
5 terms
Chapter 7 Math Vocabulary
Inverse Operations
Decompose
Known Fact
Identity Property of Multiplication
Operations that undo each other
To separate, or take apart a number.... For example, you can de…
A fact I have memorized
The property that states that any number multiplied by 1,the…
Inverse Operations
Operations that undo each other
Decompose
To separate, or take apart a number.... For example, you can de…
12 terms
Chapter 7 Math Vocabulary
Circle graph
Complementary events
Fundamental counting principal.
percent
Use to compare data that are parts of the whole.
Two events in which either one or must happen ,but can not ha…
States that if there are m outcomes for a first choice, and n…
A ratio that compares a number to 100.
Circle graph
Use to compare data that are parts of the whole.
Complementary events
Two events in which either one or must happen ,but can not ha…
10 terms
Math Chapter 7 Vocabulary
sales tax
rate
percent
ratio
a percent of the cost of an item that is charged by governmen…
a ratio that compares two quantities measured in differnt units
a ratio comparing a number to 100
a comparision of two quantities by division
sales tax
a percent of the cost of an item that is charged by governmen…
rate
a ratio that compares two quantities measured in differnt units
6 terms
Math - Chapter 7 Vocabulary
non numeric pattern
numeric pattern
pattern
rule
This is a pattern often using shapes and symbols.
This is a pattern that uses numbers.
A list of numbers, figures, or symbols that follow a rule is…
This is a statement that describes a relationship between num…
non numeric pattern
This is a pattern often using shapes and symbols.
numeric pattern
This is a pattern that uses numbers.
11 terms
Math Chapter 7 Vocabulary
equation
input
nonnumeric pattern
numeric patterns
a sentence that contains an equals sign (=), showing that two…
a quanity that is changed by a function to produce an output
a sequence showing a relationship among terms that are not nu…
a pattern that uses numbers
equation
a sentence that contains an equals sign (=), showing that two…
input
a quanity that is changed by a function to produce an output
11 terms
Chapter 7 Math Vocabulary
Equation
Equals Sign
Solve
Solution
A mathematical sentence showing 2 expressions are equal
The symbol used in a mathematical expression to show that 2 e…
To replace a variable in an equation with a value that makes…
The value of a variable that makes the equation true
Equation
A mathematical sentence showing 2 expressions are equal
Equals Sign
The symbol used in a mathematical expression to show that 2 e…
8 terms
Go Math Chapter 7 Vocabulary
mixed number
unit fraction
Associative Property of Addition
Commutative Property of Addition
an amount given as a whole number and a fraction
a fraction that has a numerator of one
the property that states that you can group addends in differ…
the property that states that when the order of two or more a…
mixed number
an amount given as a whole number and a fraction
unit fraction
a fraction that has a numerator of one
7 Math - Chapter 7 Vocabulary
acute angle
obtuse angle
right angle
straight angle
any angle with a measure more than 0 and less than 90 degrees
any angle with a measure greater than 90 and less than 180 de…
an angle that measures exactly 90 degrees
an angle that measures exactly 180 degrees
acute angle
any angle with a measure more than 0 and less than 90 degrees
obtuse angle
any angle with a measure greater than 90 and less than 180 de…
24 terms
Chapter 7 Math Vocabulary
adjacent angles
vertical angles
congruent angles
complementary angles
two angles share a common side and have the same vertex
two opposite angles that are formed by the intersection of tw…
vertical angles have the same measures
two angles whose sum of their measures is 90 degrees
adjacent angles
two angles share a common side and have the same vertex
vertical angles
two opposite angles that are formed by the intersection of tw…
Chapter 7 Math Vocabulary
coordinate plane
evaluate
numerical expression
ordered pair
A plane that is formed when two number lines intersect at a r…
To find the value of a numerical expression by completing eac…
A combination of numbers and at least one operation, such as…
A pair of numbers that is used to name a point on a coordinat…
coordinate plane
A plane that is formed when two number lines intersect at a r…
evaluate
To find the value of a numerical expression by completing eac…
6 terms
Chapter 7 Math Vocabulary
term
sequence
numeric patterns
rule
each number in a numeric pattern
the ordered arrangement of terms that make up a pattern
patterns that use numbers
a statement that describes a relationship between numbers or…
term
each number in a numeric pattern
sequence
the ordered arrangement of terms that make up a pattern
10 terms
Chapter 7 math vocabulary
Addition Property of Equality
Division Property of Equality
Equals sign
Equations
When you solve an equation by adding the same number to each…
When you solve an equation by dividing both sides of the equa…
=
A mathematical sentence showing two expressions are equal.
Addition Property of Equality
When you solve an equation by adding the same number to each…
Division Property of Equality
When you solve an equation by dividing both sides of the equa…
BUSINESS MATH - CHAPTER 7 TERMS FOR REVIEW
Amount Credited
Cash Discount
Complement Method
Complement Rate
The total amount paid plus the amount of cash discount
A reduction in an invoice amount available to the buyer for p…
Method of computing the net price directly, using the complem…
A rate equal to 100% minus the discount rate; used with the c…
Amount Credited
The total amount paid plus the amount of cash discount
Cash Discount
A reduction in an invoice amount available to the buyer for p…
7 terms
Chapter 7 Math Vocabulary
coordinate plane
origin
ordered pair
x-coordinate
plane formed by 2 intersecting perpendicular number lines
location on a coordinate plane where the x-axis and y-axis in…
pair of numbers used to name a point on a coordinate plane, (…
1st part of an ordered pair
coordinate plane
plane formed by 2 intersecting perpendicular number lines
origin
location on a coordinate plane where the x-axis and y-axis in…
6 terms
Math Vocabulary, Chapter 7
non numeric pattern
numeric pattern
pattern
rule
a pattern using shapes or symbols
a pattern that uses numbers
a list of numbers, figures , or symbols that follow a rule
a statement that describes a relationship between numbers or…
non numeric pattern
a pattern using shapes or symbols
numeric pattern
a pattern that uses numbers
Chapter 7 Math Vocabulary
alternate interior angle
area
compass
complementary
lie within a pair of lines and on opposite sides of the trans…
a figure is the number of square units the figure encloses
is a tool used to draw circles
sum of the measure of two angles is 90*
alternate interior angle
lie within a pair of lines and on opposite sides of the trans…
area
a figure is the number of square units the figure encloses
14 terms
Math - Chapter 7 Vocabulary
complementary events
circle graph
experimental probability
outcomes
Two events in which either one or the other must take place,…
a graph used to compare parts of a whole. The circle represen…
a probability that is found by doing an experiment.
possible results of a probability event. For example, 4 is an…
complementary events
Two events in which either one or the other must take place,…
circle graph
a graph used to compare parts of a whole. The circle represen…
10 terms
Math Vocabulary-chapter 7
Point slope form
Rate of change
Slope
Slope-intercept form
Form of a line is (y-y₁) = m(x-x₁) where m is the slope of th…
a ratio that compare the amount of change in a dependent vari…
The ratio of the "rise" divided by the "run" between two poin…
y = mx + b; m=slope, b= y-intercept
Point slope form
Form of a line is (y-y₁) = m(x-x₁) where m is the slope of th…
Rate of change
a ratio that compare the amount of change in a dependent vari…
Math vocab- chapter 7
product
evaluate
sum
factor
the answer in a multiplication problem
to find the value of a numerical or algebraic expression
the answer in a addition problem
a number multiplied by another number to find a product
product
the answer in a multiplication problem
evaluate
to find the value of a numerical or algebraic expression
Chapter 7 - Math Vocabulary
pattern
nonnumeric pattern
numeric pattern
rule
a list of numbers, figures, or symb0ls that follow a rule
a pattern that does not use numbers
a pattern that uses numbers
a statement that describes a relationship between numbers or…
pattern
a list of numbers, figures, or symb0ls that follow a rule
nonnumeric pattern
a pattern that does not use numbers
13 terms
Math Vocabulary-Chapter 7
Coordinate Plane
Evaluate
Numerical Expression
Ordered Pair
A plane that is formed when two number lines intersect at a r…
To find the value of a numerical expression by completing eac…
A combination of numbers and at least one operation, such as…
A pair of numbers that is used to name a point on a coordinat…
Coordinate Plane
A plane that is formed when two number lines intersect at a r…
Evaluate
To find the value of a numerical expression by completing eac…
41 terms
Math Vocabulary Chapter.7
Point
Line
Line segment
Ray
An exact location
A straight path that extends without end in opposite directions
Part of a line that includes two end points
Part of a line that has one endpoint and continues without en…
Point
An exact location
Line
A straight path that extends without end in opposite directions
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