Hey Guatam,
In response to ram vs. rom... yes, they are important. The main difference is rom is Read Only Memory. This means that you have a chip with information contained in it, that cannot be changed readily (there are eproms, electrical programmable etc...) that can be programmed, but for the most part, rom has information loaded that can only be read.
As for ram, Random Access Memory, this is usually a 'cache' that stores information before transferring to another area. It can be 'read' but you can also 'write' to it.
The best example I can give, your cmos (bios) on a pc is rom. Your memory is ram.
Hoot