What do you mean by Bank rate? (IFFCO 2022)

✅Explanation:
Horizontal communication refers to communication between individuals or departments at the same hierarchical level within an organization.
-Peer-to-Peer: In this case, the HR manager and Finance manager are both at the managerial level, making their interaction horizontal.
-Coordination and Collaboration: Horizontal communication facilitates coordination between departments, allowing for smoother workflow and collaboration on projects.
-Information Sharing: It enables the exchange of information, ideas, and feedback between departments, leading to better decision-making.