The Basic Cognitive Abilities Involved in Planning, Carrying Out, and Inhibiting

question 103

Multiple Choice

The basic cognitive abilities involved in planning, carrying out, and inhibiting actions is called

• A)formal operations.
• B)reflective abstraction.
• C)executive function.
• D)intellectual realism.

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Definitions:

Budgets

Financial plans outlining an organization's projected revenue, expenses, and cash flow over a specific period.

Marketing Mix Plans

Strategies that involve the adjustment and optimization of product, price, place, and promotion to effectively engage with a target market.

BCG Matrix

A strategic planning tool that uses two variables, market growth rate and market share, to evaluate a company's product portfolio.

SWOT Analysis

A strategic planning tool that stands for strengths, weaknesses, opportunities, and threats, used to identify and analyze the internal and external factors that can impact a project or business venture.