Explanation:

• Size and fit are the two key dimensions of materiality in corporate restructuring analysis:

  • Size: Refers to the magnitude of the transaction relative to the company's overall operations and financial position. A restructuring that is too small may not justify the costs and effort involved.
  • Fit: Refers to how well the restructuring aligns with the company's strategic objectives and core competencies. A restructuring that doesn't fit the company's strategy is unlikely to create value.

• Timing is important but not typically considered one of the two primary dimensions of materiality. The focus is on whether the restructuring is significant enough (size) and strategically appropriate (fit) to warrant detailed analysis.