Which method would be best for an organization looking to completely eliminate a risk?

Choosing the method of risk avoidance is the most effective approach for an organization looking to completely eliminate a risk. This strategy involves identifying potential risks associated with certain activities or decisions and changing or avoiding those activities altogether to prevent the risk from occurring. For instance, if a particular operation is found to be highly susceptible to security breaches, avoiding that operation entirely would mean the organization no longer faces the risk of those particular breaches.

In contrast, risk transfer does not eliminate the risk but rather shifts the burden of dealing with it to another party, such as through insurance. Risk acceptance involves recognizing the risk but choosing to go ahead with the activity anyway, often because the potential benefits outweigh the risks or the risks are deemed manageable. Risk reduction focuses on implementing measures to minimize the impact or likelihood of the risk occurring, but the risk remains present.

Thus, risk avoidance is the definitive method for completely eliminating the risk rather than just managing or transferring it.