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In this reading, Aristotle builds an argument that concludes with the statement "Happiness, then, is something final and self-sufficient and is the end of action." Do you agree that happiness is an end in itself rather than gratification we look for on the way to completing a higher goal? Why or why not?
Expected Loss
The anticipated amount of loss a party incurs due to risk, calculated as the sum of all possible losses each multiplied by the probability of that loss occurring.
Coastal Town
A town located near or on the coastline, often characterized by maritime activities and tourism.
Flood Control System
An infrastructure or set of strategies intended to manage the potential negative impacts of flooding on communities, including prevention measures and emergency responses.
Insurer
An entity that provides insurance coverage, assuming the risk of loss for its policyholders in exchange for premium payments.
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