Define the Three Major Dimensions of Organizational Structure: Specialization, Centralization

question 124

Essay

Define the three major dimensions of organizational structure: specialization, centralization, and formalization. How do these dimensions vary in organizations implementing the cost-leadership, differentiation, and the cost-leadership/differentiation strategies?

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Definitions:

Social Security Portion

The part of payroll taxes paid by employers and employees that goes towards funding the Social Security program.

Net Pay

The amount of an employee's earnings that remains after deductions, such as taxes and retirement contributions, have been applied.

FICA Social Security Tax

A United States federal tax required to be withheld from an employee's paycheck to fund the Social Security program, which provides benefits for retirees, the disabled, and children of deceased workers.

FICA Medicare Tax

A federal payroll tax that is part of FICA, specifically designated to fund the Medicare program, which provides health insurance to elderly and disabled Americans.