Which of the following level of managers develop short and medium range plans, schedules, and budgets and specify the policies, procedures, and business objectives for their sub units of the company?

Answer: Option B

Tactical level of managers develop short and medium range plans, schedules, and budgets and specify the policies, procedures, and business objectives for their sub units of the company. A tactic is a method intended to fulfill a specific objective in the context of an overall plan.