This document provides an overview of various machining processes that can be performed on a lathe, including turning, boring, drilling, reaming, and tapping. It describes the basic components and functions of a lathe, including workholding devices and accessories. The document discusses factors that influence machining capabilities such as dimensional tolerances and surface roughness that can be achieved. It also provides examples of different types of lathes and details considerations for operations like chip collection, cutting threads, and material removal rates during drilling.