Question

Which of the following statements about an individually billed account (IBA) are true?

True or False: An IBA is paid by the cardholder.
True or False: The government is responsible for paying the IBA statement.
True or False: Cardholders have personal responsibility for IBA charges.
True or False: Billing Officials are not involved in IBA management.

Answer 1

An Individually Billed Account (IBA) is paid by the cardholder, the government is not responsible for paying the IBA statement, cardholders have personal responsibility for IBA charges, and Billing Officials are involved in IBA management.

Step-by-step explanation:

True or False: An Individually Billed Account (IBA) is paid by the cardholder. True or False: The government is responsible for paying the IBA statement. True or False: Cardholders have personal responsibility for IBA charges. True or False: Billing Officials are not involved in IBA management.

The correct answers to the statements are as follows:

1. An IBA is paid by the cardholder.
2. The government is not responsible for paying the IBA statement.
3. Cardholders do have personal responsibility for IBA charges.
4. Billing Officials are involved in IBA management.