Step 1: Concept
Evaluate the limit by considering $x \to 0^+$ and $x \to 0^-$ due to the absolute value.
Step 2: Meaning
For $x \ne 0$, we can divide the numerator and denominator by $|x|$.
Step 3: Analysis
$\frac{|x|}{|x| + x^2} = \frac{|x|}{|x|(1 + \frac{x^2}{|x|})} = \frac{1}{1 + |x|}$.
Step 4: Conclusion
As $x \to 0$, $1 + |x| \to 1$. The limit is $1/1 = 1$.
Final Answer: (B)