Final answer:
The prefrontal cortex (PFC) is located in the front part of the frontal lobes of the brain. It is involved in cognitive functions like decision making, problem-solving, and impulse control.
Step-by-step explanation:
The prefrontal cortex (PFC), which is a part of the cerebral cortex, is located in the front part of the frontal lobes of the brain. It consists of three regions, including the dorsolateral PFC and the orbitofrontal PFC. The PFC is involved in various cognitive functions like decision making, information processing, abstract reasoning, problem-solving, evaluating risks and rewards, planning ahead, and controlling impulses.