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Essay text:
I decided to pay off the balance ($15,000) and take 5 barrels of oil with the intention of purchasing the remaining 10 when my boss came back.
When my boss finally got in contact with me I explained the situation. He was very displeased with the decision I made because of the company lack of funds at the time particularly that week being a payroll week. He had preferred that I paid for just 5 barrels in cash as oppose to paying of the balance subsequently leaving more funds for payroll.
Satisficing was used in making my decision because at the time I view that the decision made would meet the needs on demand...
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