Which of the following is a type of error associated with the Magnetic Compass?

The type of error associated with the magnetic compass that you identified is deviation. Deviation refers to the errors introduced in a compass due to magnetic interference from electrical equipment or metal structures within the aircraft itself. As you fly, these factors can cause the compass to produce readings that are not aligned with true magnetic north, leading to incorrect navigation information.

In contrast, other errors such as acceleration, while relevant to compass function, are classified differently. Acceleration errors occur when the compass experiences changes in speed or heading that affect its readings, particularly when flying in a north or south direction. Gyroscopic errors pertain to instruments that utilize gyroscopes, which is distinct from the magnetic compass, as it does not rely on a gyroscope for its operation. Lastly, lift does not relate to compass functionality at all, as it is connected to aerodynamic forces acting on the aircraft rather than navigational instruments.