7. A major university that has many sports programs (e.g. football, basketball, baseball, soccer, etc.) is contemplating the elimination of its baseball team. Which of the following is an avoidable cost that would be relevant to this decision? A. The athletic directors salary B. The university presidents salary C. The football coachs salary D. The baseball coachs salary

8. Which of the following is true regarding sales forecasts? A. Sales forecasts cannot be developed until the cash budget has been prepared because the marketing department will not know what funds are available for advertising. B. Sales forecasts cannot be developed until the production budget has been prepared because the production department must determine how many items need to be manufactured. C. Various elements of the master budget ultimately rely on sales forecasts. D. Sales forecasts ultimately rely on various elements of the master budget