Basically, this is just what it sounds like: a panel to control something. The usage of the term gets confusing to people in how it is applied to computers, but it's pretty simple. In computing devices, a control panel is a software program designed to give the user control over some specific part of the operation of the machine. This could be a basic function like monitor resolution, or more involved functions relating to standard and optional hardware or software that may be installed on a particular system.
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