Cerise Inc., an American textile company, received a grant of nearly $2 billion from the government. However, the government doesn't have direct control over the operations of Cerise Inc. The government does not get direct payment, rather it gets indirect benefits from job creation and growth. Given this information, it can be said that Cerise Inc. is a _____.

Question

Quizplus · Accepted Answer

Cerise Inc. is a state-supported company because it received financial support from the government but operates independently without direct government control over its operations, fitting the definition of a state-supported entity.