In your own words describe the process of how a business is "incorporated"

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

"consists of larger societal forces that affect how a company engages and serves its customers."

What are the weak points of economic costs that are part of a free enterprise economy?