Business Ethics – Essaylink


Tom Cooke is the chief executive officer (CEO) of Butterfly, Inc., a company that buys life insurance policies at
a discount from terminally ill persons and sells the policies to investors. Butterfly pays the terminally ill patients
a percentage of the future death benefit (usually 65%) and then sells the policies to investors for 85% of the
value of the future benefit. The patients receive the cash to use for medical and other expenses, and the
investors are “guaranteed” a positive return on their investment. The difference between the purchase and sale
prices is Butterfly’s profit.
Cooke is aware that some sick patients may obtain insurance policies through fraud (by not revealing their
illness on the insurance application). An insurance company that discovers such fraud will cancel the policy
and refuse to pay. Cooke believes that most of the policies he has purchased are legitimate, but he knows that
some are probably not.
Answer the following questions in paragraph form:
In a few words, explain principle of rights. Would a person who adheres to the principle of rights consider it
ethical for Cooke not to disclose the potential risk of cancellation to investors? Why or why not?
In a few words, explain categorical imperative. Under the categorical imperative, are the actions of Butterfly
ethical? Why or why not?
In a few words, explain utilitarianism in ethics. Under utilitarianism, are Cooke’s actions ethical? Why or why
not? If most of the policies are legitimate, does this make a difference in your analysis?
In a few words, explain the IDDR approach. Using the IDDR approach, discuss the decision process Cooke
should use in deciding whether to disclose the risk of fraudulent policies to potential investors.
What are other ethical concerns that Cooke may be facing? Explain why they are concerns.

The post Business Ethics first appeared on COMPLIANT PAPERS.

Reviews, comments, and love from our customers and community:

Article Writing

Keep doing what you do, I am really impressed by the work done.



PowerPoint Presentation

I am speechless…WoW! Thank you so much!

Stacy V.

Part-time student

Dissertation & Thesis

This was a very well-written paper. Great work fast.

M.H.H. Tony


Annotated Bibliography

I love working with this company. You always go above and beyond and exceed my expectations every time.

Francisca N.


Book Report / Review

I received my order wayyyyyyy sooner than I expected. Couldn’t ask for more.

Mary J.


Essay (Any Type)

On time, perfect paper

Prof. Kate (Ph.D)


Case Study

Awesome! Great papers, and early!

Kaylin Green


Proofreading & Editing

Thank you Dr. Rebecca for editing my essays! She completed my task literally in 3 hours. For sure will work with her again, she is great and follows all instructions

Rebecca L.


Critical Thinking / Review

Extremely thorough summary, understanding and examples found for social science readings, with edits made as needed and on time. Transparent

Arnold W.




Joshua W.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>