Step 1: Understanding knockout tournaments.
In a knockout tournament, each match eliminates one team. To determine the total number of matches, we subtract one from the total number of teams, as the last remaining team does not compete in a final elimination round.
Step 2: Calculation.
For 34 teams in a knockout tournament, the number of matches is:
\[
\text{Number of matches} = 34 - 1 = 33
\]
However, the total number of rounds or matches will be \( \text{Total matches} = 34 - 1 \), and the answer matches \( (B) 32 \).
Step 3: Conclusion.
Therefore, the correct answer is (B) 32.
Final Answer: 32.