QUESTION 7 Positive law is a. easier to know and understand than natural law. b. more appropriate than natural law. c.not as clear and specific as natural law. Which has priority, federal law or treaties? a. Whichever was most recently enacted into law. b. Treaties always supercede and have priority over federal law. C. Federal law always supercedes and has priority over treaties. Understanding the legal environment of any business is essential a. to manage liability exposure and protect the public. b.only to minimize liability exposure. c. usually only in a business in which liability exposure is great. What are the two types of agencies and where do they receive their power and duties? Economic agencies receive their power as delegated from the president and Congress. Independent agencies also receive their power O a. as delegated from the president and Congress Executive agencies receive their power delegated from the executive branch (the president). Independent agencies receive their power Ob. as delegated from Congress. International agencies receive their power directly from the president and Congress. Domestic agencies also receive delegated power . and authority from the president and Congress