Final answer:
Statement b about lipids being hydrophilic and dissolving in water is not true; lipids are hydrophobic and insoluble in water.
Step-by-step explanation:
When considering the properties of lipids, statement b, "Most lipids are hydrophilic in that they dissolve in water" is NOT TRUE. Lipids are composed of hydrocarbons and tend to be hydrophobic ("water-fearing"), meaning that they are insoluble in water. Lipids have various functions including long-term energy storage, insulation against heat loss, and forming protective barriers over skin or feathers in animals, contributing to their buoyancy and dryness. They are also an important component of cellular membranes and act as precursors for hormone synthesis.