The correct option is Company-managed projects.

Company-managed projects use the classic notification scheme model which lets administrators select recipients such as All watchers, Component lead, and a User picker for specific events. This model exposes the full set of notification recipients and the notification scheme settings are managed at the project or system level so you can include those specific recipient types.

Team-managed projects are incorrect because team-managed projects use a simplified notification model and do not provide the same configurable notification scheme. That means you cannot reliably select Component lead or a User picker as notification recipients in team-managed projects.

Both project types support these recipients is incorrect because only company-managed projects provide the full notification scheme that includes All watchers, Component lead, and User picker. Team-managed projects do not offer the same recipient options.

Neither project type supports these recipients is incorrect because company-managed projects do support those recipients through notification schemes.

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