Final answer:
Within an organization, the widely accepted values that express its culture are known as shared values. These shared values deeply influence organizational culture and workplace culture, driving decisions, interactions, and the overall behavior of employees. The correct answer is option: b) shared values.
Step-by-step explanation:
The values that convey an organization's culture and are widely accepted throughout the organization are known as shared values. These values and beliefs are integral to an organization's culture and manifest in various ways, including the espoused values that represent what the management or the entire organization endorses.
Furthermore, organizational culture itself is a complex system of shared values, beliefs, norms, and social practices that shape the behavior and thinking of all members within the organization.
Shared values influence how decisions are made, how employees interact with each other, and provide a sense of common purpose. They are embedded deeply within the organization and are critical in guiding the actions of its members. Across the industry, workplace culture plays a significant role in shaping employees' behavior and setting expectations for performance and conduct.