**Core Concept**
The question is testing the knowledge of the management of hemostasis, specifically differentiating between arterial and venous bleeding based on the characteristics of the bleeding.

**Why the Correct Answer is Right**
When bleeding stops on applying pressure and having intermittent pain, it suggests an arterial source of bleeding. This is because arteries are higher-pressure vessels with a greater potential for bleeding, but they are also more likely to seal themselves off with pressure due to their muscular walls. The intermittent pain is due to the spasms of the arterial wall, which occurs as the body tries to constrict the bleeding.

**Why Each Wrong Option is Incorrect**
* **Option A:** This option is incorrect because it does not accurately describe the characteristics of arterial bleeding. Arterial bleeding is typically more rapid and pulsatile.
* **Option B:** This option is incorrect because it does not address the specific clinical scenario described in the question. The characteristics of the bleeding are key to determining the source.
* **Option C:** This option is incorrect because it is too vague and does not provide a clear indication for treatment.

**Clinical Pearl / High-Yield Fact**
The "5 Ps" of arterial bleeding are: pulsatile, pain, pressure stops the bleeding, a palpable pulse, and a "pistol shot" sound when the bleeding is heard.

**Correct Answer:** B. Hemostatic agents or pressure dressing.