Resort Gift Shop is operated as a partnership, with five partners. Shan has a one-third interest in the firm. Each of the other partners has a one-sixth interest. Ted is the senior partner. With respect to management decisions

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In a partnership, decisions are usually made by a majority vote. As Shan only has a one-third interest and the other partners have a combined two-thirds interest, Shan does not have the power to rule. Ted's seniority may give him more influence or decision-making power, but ultimately, a majority vote should determine management decisions. Therefore, option A is the best choice.

Resort Gift Shop Is Operated as a Partnership, with Five