Answer: An agency relationship
Explanation:
An agency relationship is defined as
- A relationship where a person known as a principal gives legal permissions to act on his or her behalf.
- It is a kind of fiduciary relationship.
- Here, the agent is a subject in the command of the principal and has to follow his or her instructions.
Here , agent = Global Enterprise empowers Alem, Ltd.
principal = Global Enterprises
Hence, the correct answer is "an agency relationship".
