What term refers to a logical construct that manages the flow of information in an application?

The correct choice for a logical construct that manages the flow of information in an application is indeed not well captured by the answer provided. Instead, the concept you are looking for is more aptly described by the term "Function."

A function serves as a self-contained block of code designed to carry out a specific task. By managing inputs (parameters) and outputs (return values), functions help encapsulate and streamline operations within an application, effectively guiding how information flows through the software. Functions are called upon multiple times throughout a program, allowing for code reuse, better organization, and clearer logic, which enhances maintainability.

Statement refers to an individual line of code that performs an action but does not inherently manage flow; it is generally a part of the overall structure of functions, loops, or other constructs. Loops, on the other hand, are specifically designed for executing blocks of code multiple times based on conditions but do not manage overall flow in the sense of organizing or directing the process of the application. Variables are used for storing data but do not control the flow of information by themselves.

Thus, in the context of logical constructs particularly aimed at managing how data and processes operate within an application, functions are the most relevant term.