QUESTION 7 1 points Nick and Priyanka are thinking about creating a image consulting business. They are interested in creating a limited partnership. Bollywood actor, Shahrukh Khan, would like to become a limited partner. What are the responsibilities of a limited partner? O a. As a limited partner, Shahrukh Khan's is limited in his level of participation and management in the firm. O b. All of these answers are correct. O c. As a limited partner, Shahrukh Khan provides the partnership with money in exchange for a share in any profits. His liability is limited to his investment in the partnership and his share of the profits. O d. Shahrukh Khan's name will not be generally included in the name of the firm. QUESTION 8 1 points Unlike a general partnership, which can form without any government involvement, a limited partnership is formed when a partnership declaration is filed under a provincial limited partnership statute - in Ontario, the Limited Partnerships Act. O True O False