Final answer:
Social psychology is concerned with how situational factors and social interactions shape individual thoughts, feelings, and behaviors, considering both the influence of other individuals and societal norms.
Step-by-step explanation:
The most accurate statement about social psychology is that it examines how society shapes individuals. Social psychology is fundamentally concerned with how people affect one another and how the power of the situation influences individuals' thoughts, feelings, and behaviors. It heavily considers interpersonal and group relationships and how these dynamics influence human behavior. Therefore, social psychology is not solely focused on individual behavior, does not disregard the impact of culture, and is not limited to studying cognitive processes but rather includes these aspects as part of its broad examination of the situational factors.
Social psychologists explore the role of social influences on behavior, which includes understanding how individuals conceptualize and interpret situations and how these interpretations shape their responses. The field also looks at shared cultural knowledge, social roles, norms, and scripts that guide behavior in various situations, as exemplified by studies like the Stanford prison experiment.