Final answer:
The statement is true. Businesses typically have three levels of management: top, middle, and lower or supervisory.
Step-by-step explanation:
The statement is true. Businesses typically have three levels of management: top, middle, and lower or supervisory.
At the top level, there are executives who are responsible for making strategic decisions and setting goals. Middle management consists of department heads and managers who oversee specific areas or functions within the organization. Lower or supervisory management includes supervisors and team leaders who directly supervise employees and ensure that work is being accomplished.
This three-tiered management structure helps to provide clear lines of authority, facilitate communication, and ensure that tasks are efficiently delegated and executed.