Practical intelligence is the ability to use knowledge and skills in a practical way. It involves problem solving, decision making, and creative thinking. NOUS is a French term meaning 'MIND' or 'INTELLECT, ' WIT is an acronym for 'Wisdom, Intelligence, and Talent, ' SENSE is an acronym for 'Strategic, Experiential, Numerical, Social, and Emotional, ' and WITS is an acronym for 'Wisdom, Insight, Thinking, and Strategy.' Together, these terms represent the various components of practical intelligence.