Final answer:
A lancelet is a chordate but not a vertebrate because it does not have a vertebral column made of bones. It retains the four key features of chordates. Therefore, the correct option is A.
Step-by-step explanation:
Although not a vertebrate, a lancelet is a chordate. Lancelets, or amphioxi, are members of the phylum Chordata's subphylum Cephalochordata. Lancelets lack a true vertebral column or backbone, but they do have some of the characteristics of chordates, including a notochord, a dorsal hollow nerve cord, pharyngeal slits, and a post-an*l tail.
This sets them apart from other vertebrates that have a vertebral column composed of vertebrae, such as sharks (option e), lampreys (option d), and frogs (option b). Sea stars (option c) are not chordates; instead, they are members of the Echinodermata phylum.
Therefore, the correct option is A.