The correct statement is:
A. A molecule can be composed of two or more atoms of the same element, like O<sub>2</sub>, or atoms of more than one element, like all compounds.
This statement accurately reflects that molecules can be either homonuclear (consisting of the same type of atom) or heteronuclear (consisting of different types of atoms), which is characteristic of both elements (like O<sub>2</sub>) and compounds (like H<sub>2</sub>O).