Students in the Commerce Stream of Class XII at Imperial School were tasked with creating a Business Studies project and delivering it on the initial working day post-summer break. The President of the school intimates the student who will make the best project get trophy. The school is divided in separate departments who will work according to their given task due to which the school is performing very well among all the schools in the district.

Priyanshu did extensive research for his project but failed to submit the project on the due date.
Madhu submitted her project on the due date but her project was prepared without any research and efforts. Moreover, her project was incomplete.
Dipak prepared an excellent project after a deep research and also submitted the project on the due date.

'The President of the school intimates the student who will make the best project get trophy.'

This statement highlight which level of management?

Top level

Top Management consist of the senior-most executives of the organisation by whatever name they are called. They are usually referred to as the chairman, the chief executive officer, chief operating officer, president and vice-president. Top management is a team consisting of managers from different functional levels, heading finance, marketing etc. For example chief finance officer, vice president (marketing). 
Thus, here top management is highlighted.