A distributed virtual switch (DvSwitch) ensures configuration consistency across the hosts. It simplifies network management by providing a uniform network configuration for all hosts connected to the DvSwitch, which is especially beneficial in large data centers with numerous hosts.

Explanation
Cisco IOS software basically supports two modes of CEF load balancing: On per-destination or perpacket basis.
For per destination load balancing a hash is computed out of the source and destination IP address (-> Answer 'It combines the source and destination IP addresses to create a hash for each destination' is correct). This hash points to exactly one of the adjacency entries in the adjacency table (-> Answer 'Each hash maps directly to a single entry in the adjacency table' is correct), providing that the same path is used for all packets with this source/destination address pair. If per packet load balancing is used the packets are distributed round robin over the available paths. In either case the information in the FIB and adjacency tables provide all the necessary forwarding information, just like for non-load balancing operation.
The number of paths used is limited by the number of entries the routing protocol puts in the routing table, the default in IOS is 4 entries for most IP routing protocols with the exception of BGP, where it is one entry. The maximum number that can be configured is 6 different paths -> Answer 'Cisco Express Forwarding can load-balance over a maximum of two destinations' is not correct.