The document discusses bioelectric potentials, which are electrical potentials generated by the movement of ions across cell membranes in living tissues. It describes how ion concentration gradients across neuronal cell membranes generate a resting membrane potential of around -70 mV. When a stimulus causes the membrane to depolarize past a threshold, an all-or-none action potential is triggered, involving changes in sodium and potassium permeability. The action potential propagates along axons without diminishing in amplitude due to its distinct phases of rapid depolarization and repolarization.