1. Pricing Decisions a) Discuss the advantages and disadvantages of various traditional pricing methods used in the hospitality industry. (10 marks) b) Explain the difference between long-term and tactical pricing. (5 marks) 2. Uniform Systems of Accounts a) Discuss the concept of responsibility accounting. (5 marks) b) Explain the purposes of using the uniform system of accounting developed for firms in the hospitality industry. (10 marks)