Chapter 1, Problem 1.4CE1

A)

Explanation of Solution

Abstract reasoning:

Abstract reasoning is used by an employee to expand the business plan and planned to raise the customer income.

Importance of abstract reasoning for business professionals:

• Abstract reasoning refers to analyze the information and thought process and the ability to solve complex problems...

B)

Explanation of Solution

List of items in inventory and their quantity on hand is an abstraction of a physical inventory:

The list of items in inventory and their quantity on hand is an abstraction of physical inventory as:

• There may...

C)

Explanation of Solution

Examples of abstraction used in Business:

• Customer:
  • Abstraction of actual customers of a business. For example there can be a case in which goods have been delivered to the customer but the order is entered in the inventory later which creates an abstraction...

D)

Explanation of Solution

Jennifer’s failure to display abstract reasoning skills:

• Jennifer failed to display abstract reasoning skills as for the firms supply chain Flextime she was unable to create a mental abstract model which could have been beneficial for her to underst...

E)

Explanation of Solution

Ways by which people can improve their abstract reasoning skills:

Yes, abstract reasoning can be improved as abstract reasoning skills are correlated with IQ which is dependent on visual and auditory skills...