Concept:
The geoid and ellipsoid are two important reference surfaces used in geodesy.
Step 1: Understand the geoid.
The geoid is an irregular surface that closely corresponds to the Earth's mean sea level under the influence of gravity.
Step 2: Understand the ellipsoid.
The ellipsoid is a smooth mathematical surface used for mapping, surveying, and GPS calculations.
Thus,
\[
\boxed{
\begin{aligned}
\text{Geoid} &\rightarrow \text{Mean Sea Level}
\text{Ellipsoid} &\rightarrow \text{Mathematical approximation of Earth}
\end{aligned}
}
\]
Therefore, the correct option is
\[
\boxed{(B).}
\]