Step 1: Understanding the Concept:
Electric potential (\(V\)) at a point in an electric field is defined as the work done in bringing a unit positive charge from infinity to that point. We need to find how this potential varies with distance from a single point charge.
Step 2: Key Formula or Approach:
The electric potential \(V\) at a distance \(r\) from a source point charge \(q\) is given by the formula:
\[ V = \frac{1}{4\pi\epsilon_0} \frac{q}{r} \]
where \(\frac{1}{4\pi\epsilon_0}\) is Coulomb's constant (\(k\)). So, \(V = k\frac{q}{r}\).
Step 3: Detailed Explanation:
From the formula \(V = k\frac{q}{r}\), we can see that for a given charge \(q\), the potential \(V\) is inversely proportional to the distance \(r\).
\[ V \propto \frac{1}{r} \]
This means that as the distance \(r\) from the charge increases, the electric potential decreases.
Option (D), inversely proportional to \(r^2\), describes the electric field strength (\(E \propto 1/r^2\)), not the potential.
Step 4: Final Answer:
The electric potential due to a point charge is inversely proportional to the distance \(r\) from the charge. Therefore, option (B) is correct.