Management is generally divided into three levels — top level, middle level, and lower level management. These levels ensure proper planning, coordination, and supervision within the organization.
Step 1: Analyze the options.
- (A) Four: Incorrect classification.
- (B) Three: Correct — standard management levels.
- (C) Two: Incomplete classification.
- (D) Five: Not recognized in management theory.
Step 2: Conclusion.
Hence, the correct answer is (B).
Final Answer:
\[
\boxed{(B) \, \text{Three}}
\]