Step 1: Concept
Use the Distributive Law and the Law of Complements to simplify logical expressions.
Step 2: Meaning
The expression can be grouped to factor out common terms.
Step 3: Analysis
Group the first two terms: $(\sim p \land q) \lor (\sim p \land \sim q) = \sim p \land (q \lor \sim q)$.
Since $q \lor \sim q$ is always True ($T$), this simplifies to $\sim p \land T = \sim p$.
Now combine with the third term: $(\sim p) \lor (p \land \sim q)$.
Use Distributive Law: $(\sim p \lor p) \land (\sim p \lor \sim q)$.
Since $\sim p \lor p = T$, we get $T \land (\sim p \lor \sim q)$.
Step 4: Conclusion
The expression simplifies to $(\sim p \lor \sim q)$.
Final Answer: (B)