There are programs to rip, convert and edit Audio Tracks.

Grip

Grip is a AudioCD ripping Tool. It can rip single, multiple, or partial tracks.

Encoding of ripped .wav files into MP3 files and Simultaneous rip and encode with Support for multiple encode processes on SMP machines

SoundConverter

Converts Audio Formats like OGG, Flac, MP3 with variable quality and bittrates. Batch conversion is also possible.

EasyTag

EasyTAG is a utility for viewing and editing ID3 tags for MP3, MP2, FLAC, Ogg Vorbis, MusePack and Monkey's Audio files.