Is an online MBA from an institution such as AIU online seen as credible?

I am active duty military and currently finishing my MBA through AIU online which is accredited by the The Higher Learning Commission and a member of the North Central Association. But, will an employer see it the same way?
For that matter, would it be considered if I was to attempt to retrieve a PhD?
Will the USMC see it as a good enough school to allow me to go into officer candidate course?
 

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