A hierarchical scheme is a system of assigning employees to various levels of authority and responsibility. It is a type of organizational structure that employs this approach. A company has its own hierarchy, which includes the CEO, the Board of Directors, and other divisions. The company's hierarchy can be divided into three different levels: the top level, middle level, and bottom level. The top level includes a number of CEOs that determine the company's strategy and vision. These CEOs are in charge of decisions such as hiring new employees, setting salaries for employees, etc. The middle level consists of managers who oversee different departments within their division or division within the company. The bottom-level consists primarily of employees who carry out orders from their managers.