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.

In the NM cable used for wiring homes, each cable has three wires inside a sheath with each wire covered in a different color of insulation to indicate its type. The wire with the black insulation is the 'hot' wire, white is the neutral wire, and the ground wire is either covered in green insulation or left bare.

The transistor is the foundation of modern electronic devices. It is made entirely from semiconductor material (making it a solid state device) and can serve many different functions in a circuit including acting as a switch, amplifier, or current regulator. A transistor works by allowing a small amount of current applied at the base to control general current flow from collector to emitter through the transistor.

Ohm's law specifies the relationship between voltage (V), current (I), and resistance (R) in an electrical circuit: V = IR.

Solved for resistance, R = \( \frac{V}{I} \) = \( \frac{320}{8} \) = 40 Ω

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.