A great place for you to start, would be to read the post at the top of this forum. It is very informative. A few answers- yes, no , only if you hold your mouth right.
Different mobos treat errors diferently. There are some general truths. You need only a psu, and a mobo to get something out of a system speaker (okay, a speaker as well).
If there is a short anywhere in your system, the psu will imediately shut itself off. In that case, you dont have what is needed to get something out of the speaker.
A lot of mobos have a post reporter, which is a voice that tells you if you have no cpu, ram or if you have let the tea steep to long (well, maybe not the last, but I've heard they are working on that.)
The rest use a simple beep code. A medium length beep means everything is fine.