I’m stuck on a Accounting question and need an explanation.
Lori loves to sew and has always made her own clothes. People often tell her
that she is the best-dressed person they’ve ever met. She can design and sew a
lovely outfit in under 2 days. She is considering opening a store that could sell
her home-made fashions. Then she could combine her work with her hobby.
1) Can you identify some of the uncertainties Lori faces? Can you think of
any way she can reduce some of these uncertainties?
2) Can you identify any possible personal biases that Lori may have? How
could these affect her decision-making process?

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