Lesson 5 introduces exponents to students. Students learn that exponents represent repeated multiplication of the same factor. Key terms introduced are base, exponent or power, squared, and cubed. Students practice writing expressions in exponential, expanded, and standard form. They learn that when the exponent is 2, it is called squared, and when the exponent is 3, it is called cubed. The lesson reinforces the relationship between exponents and repeated multiplication.