MANAGEMENT

Detailed explanation-1: -Explanation: Formalization is one of the aspects of organizational structure. It refers to the extent to which formal rules, regulations, procedures, policies, and descriptions will be used to standardize the decisions and behaviors of the employees in the organization.

Detailed explanation-2: -Decentralization is when power is delegated away from the central authority to lower levels in an organization.

Detailed explanation-3: -Delegation refers to the transfer of responsibility for specific tasks from one person to another. From a management perspective, delegation occurs when a manager assigns specific tasks to their employees.

Detailed explanation-4: -In a matrix organization, the team members report into two bosses: the functional manager and the project manager. Communication goes from team members to both bosses. The matrix organization is created to get the best potential from both functional and projectized type of organizational structure.