Final answer:
Chronic sleep debt is associated with impaired cognitive functioning, negatively impacting memory, attention, decision-making, and alertness.
Step-by-step explanation:
Chronic sleep debt is most likely to promote Impaired Cognitive Functioning. Adequate sleep is essential for various cognitive functions including memory formation, attention, decision-making, and recall of long-term memories. When sleep is compromised, these areas suffer, leading to difficulties in maintaining alertness, making sound decisions, and processing information effectively. Research has shown that sleep deprivation can have similar effects on cognitive and motor function as alcohol intoxication, and even short-term sleep deficits can lead to noticeable cognitive impairments.