Step 1: Associate terms with their corresponding properties.
- Lag signifies a delay, thus it relates to Speed of response (I).
- Static and dynamic error indicate the discrepancy between input and output, thereby linking them to Fidelity (II).
- Drift denotes a gradual alteration in measurement over time, hence it is connected to Reproducibility (III).
- Sensitivity measures the capability to detect minor changes, leading to its association with Precision (IV).
Step 2: Confirm the associations.
The resultant associations are: A $\to$ I, B $\to$ II, C $\to$ III, D $\to$ IV.
Step 3: Final determination.
The accurate selection is (A).