Step 1: Concept
Determine the electronic configuration of Potassium ($Z=19$): $1s^2 2s^2 2p^6 3s^2 3p^6 4s^1$.
Step 2: Meaning
The outermost electron is in the $4s$ orbital.
Step 3: Analysis
For $4s^1$: Principal quantum number $n = 4$. Azimuthal quantum number $l$ for an $s$-orbital is 0. Magnetic quantum number $m$ must be 0 if $l=0$. Spin quantum number $s = +1/2$.
Step 4: Conclusion
The set is (4, 0, 0, +1/2).
Final Answer: (B)