Step 1: Apply the Inverse Cosine Function.
The inverse cosine function, \( \cos^{-1} \left( \frac{1}{3} \right) \), gives an angle whose cosine is \( \frac{1}{3} \). Taking the cosine of that angle will return \( \frac{1}{3} \). Step 2: Conclusion.
The correct answer is (C), \( \frac{1}{3} \).