The document provides descriptions for post synaptic potentials (PSPs) and action potentials (APs) and includes instructions to categorize them as PSP, AP, both, or neither while explaining the associated bolded terms. Key points include that PSPs are graded and result from ligand gated ion channels, while APs are self-propagating and unidirectional. It also clarifies that both types of potentials involve potassium ions, therefore indicating that statements regarding their properties must be defended with these definitions.