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1. Abstract reasoning.
a. Define abstract reasoning, and explain why it is an important skill for business professionals.
b. Explain how a list of items in inventory and their quantity on hand is an abstraction of a physical inventory.
c. Give three other examples of abstractions commonly used in business.
d. Explain how Jennifer failed to demonstrate effec- tive abstract-reasoning skills.
e. Can people increase their abstract-reasoning skills? If so, how? If not, why not?
FACTS Spectrum Stores, Inc., and other U.S. gasoline retailers (the plaintiffs) filed a suit against Citgo Petroleum Corporation and other oil production companies in a federal district court.
Introduction and background of your CE
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