Step 1: Understanding the Concept:
Fisheries management requires reference points to evaluate how much fishing pressure a stock can handle without suffering long-term decline.
Step 2: Detailed Explanation:
Maximum Sustainable Yield (MSY) is the largest average catch that can be captured from a stock under constant environmental conditions over an indefinite period without depleting the population.
It serves as a key benchmark in fisheries population dynamics and bioeconomic models to measure and regulate the level of exploitation.
Step 3: Final Answer:
The tool used is Maximum sustainable yield, which is option (B).