The correct options to complete the statement "A website’s privacy policy…" are:
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protects people’s right to privacy.
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explains what type of information the site collects, uses and shares/sells.
The other options are not accurate:
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Is something you can ignore, as it will not prevent you from accessing and using the site. - This is misleading; while users may choose to ignore it, the privacy policy is a critical document that users should review to understand their privacy rights.
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is the same as a privacy statement. - While the terms are sometimes used interchangeably, they can also refer to different documents depending on the context and jurisdiction.