Which of the Following Situations Comes Closest to the True

Which of the following situations comes closest to the true meaning of cost effectiveness?

A) An activity that reduces cost or achieves a desired goal
B) An activity that achieves a desired goal or achieves a goal and produces cost savings
C) An activity that achieves a desired goal and produces cost savings or produces a marginal benefit that exceeds its marginal cost
D) An activity that produces a marginal benefit that exceeds its marginal cost or reduces costs