Answer:
III, II, IV, I
Explanation:
One way to look at this is as an ordering problem.
You can't put the compass point at X until you have drawn point X. (III comes before IV -- eliminates A and C)
You can't label the intersection point until you have drawn the arc. (IV comes before I -- eliminates D)
The only reasonable ordering is that shown in B: III, II, IV, I.