Final answer:
The socially determined values which govern the activities of a business are known as the code of ethics. The code of ethics for Build Well Ltd. includes values such as Truthfulness, Respect, Justice, Commitment, Trust, and Citizenship. These values guide the behavior and decision-making process of the organization and its employees.
Step-by-step explanation:
The socially determined values which govern the activities of a business are known as the code of ethics. These values are a set of principles and standards that guide the behavior and decision-making process of the organization and its employees. The code of ethics for Build Well Ltd. includes values such as Truthfulness, Respect, Justice, Commitment, Trust, and Citizenship.
Each element of the code of ethics has its significance. Truthfulness ensures that the company operates with honesty and transparency in its dealings. Respect emphasizes treating all stakeholders with dignity and recognizing their rights. Justice promotes fairness in decision-making and treatment of individuals. Commitment represents a dedication to fulfilling responsibilities towards customers, employees, and society. Trust is crucial for building strong relationships and maintaining credibility. Citizenship encompasses being responsible and contributing positively to the community.
These socially determined values help guide the actions and decisions of the business, ensuring that it operates ethically and aligns with the expectations of society. They promote a culture of integrity, accountability, and social responsibility.