Which of the following is a key component of managing audio levels in Pro Tools?

Metering Tools are essential for managing audio levels in Pro Tools because they provide visual feedback on the signal levels of your audio tracks. By utilizing metering tools, you can monitor the amplitude of your audio throughout the mixing process, ensuring that the levels are balanced and that you're not clipping or distorting your sound.

Pro Tools offers a variety of metering options, including the standard peak meters, RMS meters, and a range of other visual aids that help in assessing the loudness and dynamic range of your audio. Effective use of these tools allows you to make informed decisions about dynamics, ensuring that your mix maintains a good level without unwanted distortion.

In contrast, managing track assessment, FX chains, or session backups, while crucial to the overall workflow, do not directly impact how audio levels are monitored and adjusted during mixing. These functions serve different purposes, such as evaluating tracks, applying effects, or ensuring data integrity, but they do not specifically address the core task of managing audio levels.