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.

Semiconductors have valence shells that are exacly half full and can conduct electricity under some conditions but not others. This property makes them useful for the control of electrical current.

Capacitors store electricity and are used in circuits as temporary batteries. Capacitors are charged by DC current (AC current passes through a capacitor) and that stored charge can later be dissipated into the circuit as needed. Capacitors connected in series produce less capacitance than capacitors connected in parallel.

Connecting the 8 batteries in series multiplies their voltage while keeping their current the same yielding a 120V 10A configuration. Connecting the 8 batteries in parallel multiplies their current while keeping their voltage the same yieleding a 15V 80A configuration. Using a series-parallel connection, 4 batteries can be connected in series and 4 can be connected in parallel resulting in a 60V 40A configuration.

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.