165.What is a corporation? Identify the key advantages and disadvantages of corporations. 166.What are the rights generally granted to common stockholders? 167.Explain stock options and their...

165.What is a corporation? Identify the key advantages and disadvantages of corporations.

166.What are the rights generally granted to common stockholders?

167.Explain stock options and their effect on the company.

168.Explain how to calculate the price-earnings ratio and describe how it is used in analysis of a company's financial condition and performance.