Step 1: Understand meaning of continuous phase and dispersed phase.
In a colloid, the continuous phase (dispersion medium) surrounds the dispersed phase.
Step 2: Identify the type of colloid in milk.
Milk is an emulsion where fat globules are dispersed in water.
So:
Dispersed phase = fat
Continuous phase = water
Step 3: Interpret statement in question.
The question says continuous phase contains dispersed phase throughout.
That matches milk, where water (continuous phase) contains fat dispersed throughout.
Step 4: Match correct option.
Thus the example is water in milk.
Final Answer:
\[
\boxed{\text{(A) Water in milk}}
\]