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TOEIC Reading 5 Exercisee 250

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Question: 
O:8:"stdClass":2:{s:8:"question";s:163:"Ashford Inc received around $70 million in federal loans intended for small businesses, making the publicly-traded company the single largest ______ of such loans.";s:7:"choices";a:4:{i:0;s:9:"recipient";i:1;s:9:"receiving";i:2;s:7:"receipt";i:3;s:8:"received";}}
Answer: 
a
TOEIC Reading 5 Category: 
content access: 
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answer explanation: 

<p>The correct answer is <strong>(A) recipient</strong>.</p>
<p>In the given sentence, the word "recipient" is used as a noun to refer to the entity that received the federal loans intended for small businesses. This noun form is appropriate in this context because it matches the singular subject "company." Therefore, the correct word choice is "recipient."</p>
<p>(A) "receiving" is a gerund form of the verb "receive" and functions as a noun. However, in this context, it does not match the singular subject "company," so it is not the correct choice.</p>
<p>(C) "receipt" is a noun, but it does not fit in this context because it refers to the act of receiving or the document that serves as proof of receiving something. It does not match the intended meaning of the sentence, which is to describe the company as the entity that received the loans.</p>
<p>(D) "received" is a past participle form of the verb "receive" and functions as an adjective or part of a verb phrase. In this context, it does not match the intended meaning of the sentence, which requires a noun form to describe the company as the entity that received the loans. Therefore, it is not the correct choice.</p>