Electricity is delivered from power stations to customers as AC because it provides a more efficient way to transport electricity over long distances. Most households use electricity with a frequency of 60Hz.

Voltage (V) is the electrical potential difference between two points. Electrons will flow as current from areas of high potential (concentration of electrons) to areas of low potential. Voltage and current are directly proportional in that the higher the voltage applied to a conductor the higher the current that will result.

Connecting the 8 batteries in series multiplies their voltage while keeping their current the same yielding a 96V 5A configuration. Connecting the 8 batteries in parallel multiplies their current while keeping their voltage the same yielding a 12V 40A configuration. Using a series-parallel connection, 4 batteries can be connected in series and 4 can be connected in parallel resulting in a 48V 20A configuration.

Resistors are used to limit voltage and/or current in a circuit and can have a fixed or variable resistance.  Variable resistors (often called potentiometers or rheostats) are used when dynamic control over the voltage/current in a circuit is needed, for example, in a light dimmer or volume control.

Lights connected in series form a chain with each light connecting to adjacent lights via one wire. Therefore, if one of the lights burns out and breaks the series, none of the other lights will receive power and they'll go dark. Lights connected in parallel each connect to the positive and negative nodes of the power source and would not go dark if one of their neighbors burnt out.