The following statement describes which of the following theories? is a theory of management that analyzes and synthesizes workflows. its main objective is improving economic efficiency

The answer is: Taylorism

Explanation:

Frederick Winslow Taylor and Henry Fayol are considered the "fathers" of management theory, but had opposing views on how businesses should work and be organized. Taylor was responsible for developing the Scientific Management theory (Taylorism) and led the Efficiency Movement.

He was obsessed with increasing labor productivity. Most of his theories are considered archaic now, but he was the first man to really try to understand this concept. Most of his ideas still serve as a basis for modern management and some companies like McDonald's still follow several of his basic concepts like work specialization.