Which of the Following Is True Regarding Corporate Structure in Germany

Which of the following is true regarding corporate structure in Germany?

A) Germany has three tiers of corporate power with the board at the lowest tier, management on the second tier, and the supervisory board on the top tier.
B) Germany has three tiers of corporate power with the board at the lowest tier, the supervisory board on the second tier, and management on the top tier.
C) Germany has three tiers of corporate power with management at the lowest tier, the board on the second tier, and the supervisory board on the top tier.
D) Germany has three tiers of corporate power with management at the lowest tier, the supervisory board on the second tier, and the board on the top tier.
E) Germany has three tiers of corporate power with the supervisory board at the lowest tier, management on the second tier, and the board on the top tier.