Final answer:
The term 'Growth and Development' describes the process by which organisms develop proper shape and function during their lifetime, which is coded for by their genes.
Step-by-step explanation:
The characteristic of life that involves organisms developing proper shape and function during their lifetime is known as Growth and Development. This process is directed by the specific instructions coded for by an organism's genes, which lead to cellular growth and the development of physical and functional traits typical of a species.
Regulation and Homeostasis are also important aspects of an organism's life, dealing with internal functions and maintaining a stable condition. Adaptations through evolution ensure that organisms are well-suited to their environments and capable of survival and reproduction.