Middle-level management refers to the level of management that falls between top-level management and lower-level management. It is responsible for implementing the strategies and policies set by top-level management and supervising the activities of lower-level managers. The correct answer, option 'B' (Finance Manager), is a valid example of middle-level management.

Finance Manager as Middle-Level Management:

The role of a Finance Manager is crucial in the middle-level management structure. This position is responsible for overseeing the financial operations and activities of an organization. They play a pivotal role in planning, directing, and controlling the financial resources of the company. Some key responsibilities of a Finance Manager in the middle-level management include:

1. Financial Planning and Forecasting:
- Developing financial plans and budgets for the organization.
- Conducting financial analysis to forecast future financial trends.
- Identifying areas for cost reduction or revenue enhancement.

2. Financial Reporting and Analysis:
- Preparing and presenting financial reports to top-level management.
- Analyzing financial data to identify trends and variances.
- Providing recommendations for improving financial performance.

3. Cash Flow Management:
- Monitoring cash flow and ensuring adequate liquidity for operations.
- Managing the organization's working capital and optimizing cash resources.
- Implementing strategies to mitigate financial risks related to cash flow.

4. Financial Decision Making:
- Evaluating investment opportunities and making recommendations.
- Assessing the financial viability of new projects or ventures.
- Identifying and implementing strategies to maximize profitability.

5. Compliance and Risk Management:
- Ensuring compliance with financial regulations and accounting standards.
- Managing financial risks and implementing internal controls.
- Coordinating with auditors and regulatory authorities for financial audits.

Conclusion:

Middle-level management plays a crucial role in bridging the gap between top-level management and lower-level employees. While the President, Chairman, and Supervisor are also important positions within an organization, they do not specifically represent middle-level management. The Finance Manager, on the other hand, is a key member of middle-level management, responsible for overseeing financial operations and contributing to the overall success of the organization.