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Opinions on MBA vs MPhil vs PhD

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At my preferred schools, the MPhil/PhD programmes related to Business Administration do not require a GMAT score.

I'm not confident that my GMAT score is going to be sufficient for entry onto the MBA this year (I get the answers, but not quick enough). I'm wondering if I should delay entry by yet another year or take the path of least resistance?

Question 1. If I graduated with an MPhil, would I be able to return and complete the PhD some years later?
Question 2. How does MPhil stack up against MBA in the corporate world?
Question 3. How does PhD stack up against MBA in the corporate world?
Question 4. If I had an MPhil now, would I be creating problems for MBA later?

Thanks! :)

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