RIP is a distance-vector routing protocol that uses hop count as its sole metric for path selection. The maximum hop count is 15, with 16 considered unreachable (not 10 as option C suggests). RIP version 1 broadcasts updates every 30 seconds to address 255.255.255.255, while RIP version 2 uses multicast 224.0.0.9. RIP does not use bandwidth, delay, reliability, or load in its routing decisions, making it simple but limited in complex networks.