Where do you see that?
Have you looked at the paragraph style configuration? If you have direct formatting (DF) added over the style, the style dialog does not reflect the combined state (style + DF). The Style Inspector in the right sidepane gives you a global synthesis of all formatting layers active at the cursor position (paragraph, character and DF).
Not necessarily. Is your document DOC(X) (adding conversion problems) or .odt? Formatting principles have differences between both suites. Word has a rather not-so-formal approach where formatting exhibits a pragmatic, manual, contextual manner (most of the features having been added as “instant-response” to problems without prejudice for future evolution) whereas Writer has a more ordered strategy based on well-specified (?) theoretical views on typography.
As a result, Word is rather direct formatting-oriented by lack of synthetic features like omnipresent styles and Writer fosters a consistent “universal” styling strategy.
These difference are important enough to doom to failure any attempt to use one suite as if it was a drop-in replacement for the other. Authors must change their workflow to adapt to underlying principles of the used program.
If your problem is simply a binding margin, this is easily done by modifying the page styles used in your document. Recently, a “compatibility” setting was even added to page style confiration under the name Gutter to mimic Word behaviour. Personally, I find this setting rather clumsy, not covering all cases, and I prefer to change directly margin distances without setting Gutter.