Final answer:
The key managerial skill for thinking in abstract terms is critical thinking, essential for handling complex situations, predicting scenarios, and making decisions. It is valuable across fields and is a highly sought-after skill by employers.
Step-by-step explanation:
The key managerial skill that involves the ability to think in large, abstract terms is known as critical thinking. This capacity is essential for making sense of complex situations and formulating sound judgments. It requires an individual to process abstract information, synthesize various sources, evaluate statistical data, and plan effectively. These skills are inherent in understanding social systems, predicting future scenarios, and making rational decisions for the collective benefit.
Students developing critical thinking skills are better equipped to handle various social issues and problems in modern society. They can effectively communicate complex ideas, design and conduct research to assess the effectiveness of a program or policy, and analyze statistical information from polls or surveys. The ability to engage in abstract reasoning is not limited to one discipline; it spans across various fields and is highly valued by employers.