Final answer:
The term 'moderate level' is not a widely recognized layer in business management structures and is the incorrect option among those provided.
Step-by-step explanation:
The types of managers classified by levels in an organization typically include lower level managers who are in charge of day-to-day operations, middle level managers who are in the middle but generally closer to the top, overseeing multiple departments or large teams, and top level management, which includes executives and senior leaders who set the strategic direction of the company. The term 'moderate level' is not widely recognized in business management structures as a specific layer of management and may be considered the incorrect option among the choices provided.
An example of top level management would be a CEO or president of a company, while middle management would include department leads or regional managers. Lower level managers could be team supervisors or line managers.