Meaning: Competition refers to the rivalry among schools to attract top students.

Wrong options:

• regulations: 'Regulations' is a noun that refers to rules or laws, which does not fit the context of competing for students.
• team: 'Team' is a noun that refers to a group of people working together, which does not relate to the competition for students.
• prerequisite: 'Prerequisite' is a noun that refers to a requirement, which does not fit as it does not relate to competition.
• capture: 'Capture' is a verb that means to take control of something, which does not fit grammatically or contextually in this sentence.
• lure: 'Lure' is a verb that means to attract or entice, which does not fit as it does not represent a noun related to competition.
• professionals: 'Professionals' is a noun that refers to individuals with specialized knowledge, which does not fit the context of competition.

Correct answer: lure

Explanation: The verb 'lure' fits grammatically as it indicates the action that the business schools are attempting to perform to attract new students. Contextually, it aligns with the goal of enticing students to apply.

Meaning: Lure means to attract or entice someone to do something, in this case, to join the business school.

Wrong options:

• capture: 'Capture' is a verb that means to take control of something, which does not fit the context of attracting students.
• instead: 'Instead' is an adverb that indicates an alternative, which does not fit as it does not convey an action related to attracting students.
• professionals: 'Professionals' is a noun and does not fit as it does not represent an action.
• prerequisite: 'Prerequisite' is a noun that refers to a requirement, which does not fit as it does not indicate an action.
• competition: 'Competition' is a noun that refers to rivalry, which does not fit as it does not convey an action related to attracting students.
• regulations: 'Regulations' is a noun that refers to rules or laws, which does not fit as it does not indicate an action.

Correct answer: prerequisite

Explanation: The term 'prerequisite' fits grammatically as a noun that serves as the object of the preposition 'of,' indicating what the business schools have moved away from. Contextually, it refers to the requirement of having four years of work experience before admission.

Meaning: Prerequisite refers to a requirement that must be fulfilled prior to admission.

Wrong options:

• instead: 'Instead' is an adverb that indicates an alternative, which does not fit as it does not represent a noun related to admission requirements.
• competition: 'Competition' is a noun that refers to rivalry, which does not fit as it does not relate to admission requirements.
• lure: 'Lure' is a verb that means to attract, which does not fit as it does not represent a requirement.
• capture: 'Capture' is a verb that means to take control of something, which does not fit as it does not relate to admission requirements.
• professionals: 'Professionals' is a noun that refers to individuals with specialized knowledge, which does not fit the context of admission requirements.
• regulations: 'Regulations' is a noun that refers to rules or laws, which does not fit as it does not relate to admission requirements.

Correct answer: instead

Explanation: The word 'instead' fits grammatically as an adverb that indicates a contrast to the previous idea of requiring work experience. Contextually, it shows that the schools have changed their approach to admissions.

Meaning: Instead means in place of or as an alternative to something.

Wrong options:

• prerequisite: 'Prerequisite' is a noun that refers to a requirement, which does not fit as it does not indicate a contrast.
• competition: 'Competition' is a noun that refers to rivalry, which does not fit as it does not indicate an alternative.
• lure: 'Lure' is a verb that means to attract, which does not fit as it does not indicate a contrast.
• capture: 'Capture' is a verb that means to take control of something, which does not fit as it does not indicate an alternative.
• professionals: 'Professionals' is a noun that refers to individuals with specialized knowledge, which does not fit as it does not indicate a contrast.

Correct answer: professionals

Explanation: The word 'professionals' fits grammatically as a noun that serves as the object of the preposition 'on,' indicating who the business schools are targeting. Contextually, it refers to individuals who are early in their careers and have limited work experience.

Meaning: Professionals refer to individuals who are engaged in a specific profession, in this case, those with a few years of work experience.

Wrong options:

• instead: 'Instead' is an adverb that indicates an alternative, which does not fit as it does not represent a noun related to individuals.
• prerequisite: 'Prerequisite' is a noun that refers to a requirement, which does not fit as it does not relate to individuals.
• competition: 'Competition' is a noun that refers to rivalry, which does not fit as it does not relate to individuals.
• lure: 'Lure' is a verb that means to attract, which does not fit as it does not represent a noun.
• capture: 'Capture' is a verb that means to take control of something, which does not fit as it does not relate to individuals.