[Solved] Discuss the differences in writing covered and naked calls.Are risks involved in the two strategies similar or different Explain. Large Corporations: Businesses that operate on a large scale with significant assets, revenues, and employee numbers, often influencing market trends and economic policies. 20th Century Contract Law: The legal principles and rules governing contracts that were developed and evolved during the 20th century, focusing on agreements, obligations, and remedies for breach. Subjective Standard: A criterion for judgment based on personal feelings, tastes, or opinions rather than external facts. Outward Manifestations: Actions or expressions that show an intention to make an agreement or contract, observable to others.