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Chad is keen on getting into the best college in the state.However,the college rejects his Apply.When comforted by his parents,Chad explains that he is not disappointed because if he had been accepted by the college,he would have had to move away from home.In this scenario,Chad's explanation best illustrates the defense mechanism of _____.
Sole Proprietorship
An enterprise that a single person owns and runs, where there's no legal separation between the proprietor and the enterprise itself.
Limited Liability Company
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Corporation
A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders, and is capable of owning property, being liable, and suing or being sued.
General Partnership
A business arrangement where two or more individuals share ownership and the responsibility for managing the business and its debts.
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