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An IRR preference will always give the investor a return that is equal to or better than what the return would be with an IRR lookback.
Initiative
The capacity to assess and initiate things independently, often to take charge before others do.
Creativity
The ability to produce original and valuable ideas or solutions, involving imagination and innovation.
Achievement
The successful accomplishment of a task or goal, often recognized by some form of reward or acknowledgment.
Cultural Transmission
The process through which cultural beliefs, values, norms, and practices are passed down from one generation to the next.
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