What is which statement about an individually billed account (iba) is true?

Here's some information about Individually Billed Accounts (IBAs), presented in markdown format with key subjects linked:

An Individually Billed Account (IBA) is a credit card issued to an individual employee for business-related travel and expenses. The statement about an IBA that is most likely true depends on the specific context but commonly, the crucial point is about payment responsibility. With an IBA, the employee is generally responsible for directly paying the credit card bill to the issuing bank or financial institution. While the company might reimburse the employee for authorized expenses after they've been incurred and submitted for approval (with appropriate receipts and expense reports), the initial responsibility for paying the credit card company rests with the individual cardholder. This contrasts with a Centrally Billed Account (CBA), where the company is directly billed and responsible for payment. Therefore, it is the employee's responsibility to pay for the charges made on the card.