What term describes the set of assumptions, values, and practices accepted by a company's members?

The term that defines the set of assumptions, values, and practices embraced by a company's members is culture. In an organizational context, culture encompasses the beliefs and behaviors that shape how work gets done within a company. It influences how employees interact, make decisions, and respond to challenges, creating a shared understanding and identity among members. This collective culture can drive employee engagement, influence performance, and affect the overall success of the organization.

The other options, while related concepts, do not encompass the full breadth of what culture represents. "Environment" typically refers to the external factors affecting the organization. "Atmosphere" may suggest the overall mood or tone but does not capture the deeper values and assumptions embedded within a company. "Values," on their own, are part of culture but are not as comprehensive since they represent the core beliefs rather than the broader practices and assumptions that form the culture as a whole.