Final answer:
Bandura developed the Social Cognitive Theory, which includes the concepts of observational learning, reciprocal determinism, and self-efficacy, guiding assessments related to health promotion and risk management. The correct option is B.
Step-by-step explanation:
The theory developed by Albert Bandura to guide the assessment of the individual's ability to promote health and reduce risk is Social Cognitive Theory (Option B). Bandura's theory emphasizes the role of observational learning, reciprocal determinism, and self-efficacy in understanding and predicting human behavior in various contexts, including health promotion.
Self-efficacy, a central construct in this theory, refers to an individual's belief in their capability to execute behaviors necessary to produce specific performance attainments, and it influences the motivations and actions people will take towards maintaining their health and managing risks.