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IntroductionApplying the concepts outlined within the chapters by using real-world experiences and prior knowledge to answer chapter discussion questions will allow you to express key findings as it relates to your own personal experiences.Initial Post InstructionsPlease answer questions 3, 5, 6, and 7 from Chapter 1. Your answers should incorporate your experiences.3. A handful of companies on the Fortune 500 list are more than 100 years old, which is rare. What organizational characteristics do you think might explain 100-year longevity?5. What is the difference between formalization and specialization? Do you think an organization high on one dimension would also be high on the other? Discuss.6. What does contingency mean? What are the implications of contingency theory for managers?7. What are the primary differences between an organic and a mechanistic organization design? Which type of organization do you think would be easier to manage? Discuss.Writing RequirementsInitial Post Length: minimum of 250 wordsUse APA format for in-text citations and list of references.