Correct Answer: BThe most operationally efficient solution to minimize potential data loss and reduce recovery time in the event of a MySQL database failure is to use Amazon RDS for MySQL Multi-AZ DB instance. Multi-AZ deployment provides high availability, automated backups, and failover support, which ensures minimal data loss and quick recovery. By contrast, taking snapshots of the EBS volume or using EC2 instance-based backups involves more manual processes and longer recovery times. Therefore, the best solution is to use Amazon RDS for MySQL Multi-AZ with backups stored in Amazon S3 for comprehensive, automated, and efficient disaster recovery.