What is a quasi-government entity formed to support businesslike functions called?

A quasi-government entity that is formed to support businesslike functions is called a government corporation. These entities are established by government legislation to provide specific services or fulfill particular functions that could be provided by private sector businesses but are typically undertaken by the government for various reasons, such as ensuring access, meeting regulatory needs, or achieving public policy goals.

Government corporations can engage in commercial activities and are designed to be self-sustaining, generating revenue to cover their costs. Examples include the United States Postal Service and Amtrak. They operate with a level of independence from traditional government practices, which allows them to function more like private enterprises while still serving a public purpose.

The other options do not represent quasi-government entities. General Obligation Bonds are a form of debt issued by governments aimed at financing public projects. The Government Performance and Results Act pertains to improving government performance through strategic planning and results measurement. The General Assembly refers to a legislative body in some states, typically responsible for making laws. Each of these terms has distinct meanings and functions that do not align with the concept of a quasi-government organization.