Which of the following is correct about the classical approach of management?
i. It is a theory of management that analyzes and synthesizes workflows, with the objective of improving labour productivity
ii. Bureaucracy, characterized by division of labour, hierarchy, formalized rules, impersonality, and the selection and promotion of employees based on ability, would leads to more efficient management
iii. Considers the organization as a system that transforms inputs into outputs while in constant interaction with its' environment.