Final answer:
Lipid-derived hormones are lipid soluble and can diffuse across cell membranes, while amino acid-derived and peptide hormones are water soluble and cannot pass through the plasma membrane.
Step-by-step explanation:
Lipid-derived hormones, such as steroids, are lipid soluble and can diffuse across cell membranes because they are non-polar. This allows them to interact with intracellular receptors.
Amino acid-derived hormones and peptide hormones are water soluble and insoluble in lipids. As a result, they cannot pass through the plasma membrane of cells, and their receptors are found on the surface of target cells.