Do You See Barnard's Plan to Offer a Prize to the Highest-Consuming

question 10

Essay

Do you see Barnard's plan to offer a prize to the highest-consuming customers as a potential violation of privacy? Explain.

---

Definitions:

Stated Rate

The annual interest rate stated on a bond or loan, without accounting for compounding or other effects.

Rate Of Return

Refers to the gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.

Insurance Agent

A professional authorized to sell and service insurance policies, representing either one or multiple insurance companies.

Annuity

A monetary tool that disburses a set sequence of payments to a user, predominantly aimed at serving as a financial resource for retirees.