MBA Study Guide 2026
Everything you need to pass the MBA exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 MBA Exam Format at a Glance
📚 MBA Topics to Study (21)
✍️ Sample MBA Questions & Answers
1. What does 'continuous improvement' (Kaizen) emphasize in Japanese management philosophy?
Kaizen (Japanese for 'change for better') emphasizes small, continuous improvements made by all employees over time, accumulating to significant performance gains.
2. What is a 'competitive advantage'?
A competitive advantage is a distinctive edge — cost leadership, differentiation, or a unique resource — that enables a firm to consistently outperform rivals and create more value.
3. Henry Fayol listed the following five managerial responsibilities: planning, organizing, staffing, leading, and closing.
The five basic functions of a manager as outlined by Henry Fayol are false.
4. What is 'product-market fit'?
Product-market fit (Marc Andreessen) is achieved when a product genuinely meets the needs of a specific market, evidenced by high retention, strong word-of-mouth, and growing organic demand.
5. What is the purpose of a 'cap table' (capitalization table) for startups?
A cap table records who owns what in a company — founders, investors, employees with options — and is essential for tracking dilution, calculating ownership percentages, and planning future funding rounds.
6. What does a high Price-to-Earnings (P/E) ratio typically indicate?
A high P/E ratio generally signals that investors are willing to pay a premium because they expect strong future earnings growth.