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 (33)
✍️ Sample MBA Questions & Answers
1. In global leadership, 'cultural intelligence' (CQ) refers to:
Cultural intelligence (CQ) is the capability to relate and work effectively across diverse cultural contexts, encompassing cognitive, motivational, and behavioral dimensions.
2. 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.
3. Which leadership theory proposes that leaders adjust their style (directing, coaching, supporting, delegating) based on follower readiness and competence?
Situational Leadership Theory by Hersey and Blanchard argues that effective leaders adapt their style to the development level of each follower.
4. 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.
5. Which leadership concept describes a leader's ability to influence others beyond formal authority by leveraging relationships and personal credibility?
Informal leadership refers to influence exerted without formal positional authority, relying on expertise, relationships, and credibility instead.
6. 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.