I wish to check my understanding of embedded profiles. I will have to print out from a second machine that I will not have the ICC profile I am using installed.
Will the image print out in correct profile? What about point 6
…6. Printer Profile - IF THE PROFILE IS NOT INSTALLED ON THAT MACHINE WILL THE ORIGINAL PROFILE APPEAR?…
Yes, that's why you embed the profile in the file, so that the profile trivels along with, right inside the file itself. That's what "embedded" means.
Photoshop uses the embedded profile to open it and show the correct colors.
Naturally, you then need to designate a target profile for printing, and that will be a profile specifically made for the combination of paper, ink and printer you will be using.