Does this mean that the rip App is already installed?

Hi, In Mac Formats THE COMPLETE GUIDE TO MOUNTAIN LION, in ‘Master iTunes 11’, it suggested that if you wanted to rip a cd, you can import audio tracks from your hard drive using File - Add to library…. or rip music from your CD’s. Does this mean that the rip App is already installed, or does it mean I need to purchase a rip App?

Hi again,
Sorry, I should have mentioned, I have no disc drive, so I have got to use my old PC and the drive on that!
What I get to move over to my MacBook Air are .cda tracks, are they convertable for ripping?
My Mac seems to go silent/invisable?
I am sure that Iam missing a fair bit of knowledge for this move, any help would be appreciated.
Cheers,

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