(A) 1.18*10^3
When you multiply by 10^3, that means you're moving the decimal 3 places to the right.
1.18 becomes 1,180.
(B) 6.701*10^-2
When you multiply by a negative exponent, it moves the decimal to the left. 10^-2 moves the decimal 2 places to the left.
6.701 becomes 0.0671