Step 1: Check the direction cosines
For both lines, $\dfrac{3}{16}+\dfrac{1}{16}+\dfrac{3}{4}=1$, so they are valid direction cosines.
Step 2: Dot product
Only the sign of the third component differs, so the dot product is $\dfrac{4}{16}-\dfrac{12}{16}=-\dfrac{1}{2}$.
Step 3: Result
The angle whose cosine is $-\dfrac{1}{2}$ is $120^{\circ}$.
Final Answer:
The angle is 120 degrees.
\[ \boxed{\text{(B) }120^{\circ}} \]