QQuestionBusiness Management
QuestionBusiness Management
Which statement about an individually billed account is true?
hoose an appropriate option and select Submit.
Regardless of reimbursement status, travelers must pay the bill on time.
Travelers can use IBAs for official and personal expenses on official travel.
Travelers have the option to make a minimum payment or to pay the bill in full.
Full, on
-
time payment of an IBA bill is primarily the Government's responsibility.
5 months agoReport content
Answer
Full Solution Locked
Sign in to view the complete step-by-step solution and unlock all study resources.
Step 1: Identify the correct statement about an individually billed account (IBA).
The correct statement is: "Regardless of reimbursement status, travelers must pay the bill on time." This is because the Government is not primarily responsible for paying the IBA bill; it is the traveler's responsibility to pay the bill, and any reimbursement is a separate process.
Step 2: Explain the reasoning.
An individually billed account is a payment method for official travel expenses, where the Government arranges for the traveler to be billed directly for the expenses incurred during the trip. However, this does not mean that the Government is responsible for paying the bill. Instead, the traveler is responsible for ensuring that the bill is paid on time, regardless of their reimbursement status. This is because the traveler incurs the expenses and is obligated to pay them, and the IBA is simply a convenient way to facilitate payment.
Final Answer
The true statement about an individually billed account is: "Regardless of reimbursement status, travelers must pay the bill on time."
Need Help with Homework?
Stuck on a difficult problem? We've got you covered:
- Post your question or upload an image
- Get instant step-by-step solutions
- Learn from our AI and community of students