The student incorrectly assigned a function to the lipids. The correct functions of lipids include long-term energy storage, insulation, and forming cell membranes. The function listed, "transport oxygen in the blood," is actually the role of proteins, specifically hemoglobin.
Therefore, the correct answer is:
A. the lipids, because they are responsible for long-term energy storage.
(Note: While the option A references "long-term energy storage," the student's function for lipids is incorrect; the statement could be clearer.)