Final answer:
The statement is generally considered false; while we can reflect on our thoughts to a degree through metacognition, most cognitive processes remain subconscious and beyond our direct awareness.
Step-by-step explanation:
The statement that we are aware of both the processes and the products of cognition would be generally considered false. While cognition involves a variety of mental activities, including perception, memory, and learning, much of it occurs below our level of consciousness.
Metacognition is an exception, as it refers to our ability to think about and reflect upon our own thought processes. Metacognition allows us to monitor, regulate, and critically analyze our cognition, thus giving us a level of awareness about how we think and learn.