Hierarchy levels are an organizational structure that is used to define the roles and responsibilities of individuals within a company. The term hierarchy levels can be broken down into two words: RANKS and RUNGS. RANKS refer to the different levels of authority within the organization, while RUNGS refer to the steps between each level. Each rank has its own set of duties and responsibilities, and each rung is a step up or down in the hierarchy. Together, these two terms form the basis of the hierarchical structure of any organization.