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What is a retention bonus?

Answer:

A Retention bonus is an incentive paid to a key employee to retain them through a critical business cycle. This could be a transitional period (such as mergers and acquisitions) to ensure productivity or to meet a critical milestone. It has proven to be a very good tool in persuading employees to stay.

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What is explanatory research?Explain why for many goods, the long-run price elasticity of supply is larger than the short-run elasticity?