Polynomial functions are described by their degree and have certain characteristics. The graph of a polynomial is smooth and continuous without sharp corners. Odd degree polynomials rise on the left and fall on the right, while even degree polynomials rise on both sides. The number of x-intercepts and local maxima/minima are limited by the degree. Polynomials can be matched based on their degree, leading coefficient, even/odd nature, and number of x-intercepts and local extrema. The x-intercepts of a polynomial correspond to the roots of the equation, and a repeated root indicates a zero of higher multiplicity which affects the graph.