Step 1: Concept
In IUPAC nomenclature of polyfunctional compounds, the principal functional group is determined by a fixed priority series.
Step 2: Meaning
The principal group is named as a suffix, while other groups are named as substituents (prefixes).
Step 3: Analysis
According to IUPAC rules, the priority order for the given groups is: Amide ($-\text{CONH}_2$) > Nitrile ($-\text{CN}$) > Amine ($-\text{NH}_2$) > Alkyne ($-\text{C} \equiv \text{C}-$).
Step 4: Conclusion
Therefore, the amide group ($-\text{CONH}_2$) has the highest priority among the choices.
Final Answer: (B)