Final answer:
Process thinking is best described as viewing business as a system of inter-related activities. It ties into broader cognitive processes, allowing for improved decision-making and systematic problem-solving strategies. Therefore, the correct option is b).
Step-by-step explanation:
The statement that best describes process thinking is: 'It is a way to view business as a system of inter-related activities'. Process thinking is fundamental in designing effective business strategies. By understanding how different components of a business interrelate, leaders can create efficient systems, manage resources, and optimize the overall operations of their organization. This concept is mirrored in the cognitive sciences where thinking about thinking, known as metacognition, allows individuals to oversee and improve their thought processes, thereby making better decisions.
Additionally, the significance of process thinking extends to problem-solving, where a structured approach involving strategy, finding a solution, and evaluating significance leads to meaningful outcomes. It's also closely associated with critical thinking and synthesis, enabling individuals to analyze information from different sources to form well-informed conclusions. Process thinking is not only applicable in cognitive sciences and personal decision-making but is also integral to making strategic business choices.