The execution speed of machine language is faster than the execution speed of other languages. Machine or assembly language will execute the fastest as compared to high-level languages. No other language can execute faster than Machine language since instructions are directed straight to the CPU. Other high-level languages often add some non-zero amount of overhead to the execution time, thus, causing some delay.
This depends on what program you're using. Some programs can only read certain files exclusive to that program, such as .psd files can usually only be read in Photoshop or other adobe programs. Many fields of work (Journalism, the Arts, Design, etc.) ask for .psd files to be converted to either .png, .jpg, or .tiff so that it can be seen on many other platforms.
For images especially, files are more compatible either on a program or printed. for example, .png files are good for storing color data from computer to computer, but if you print a .png file, the quality is poor. hence it's recommended to save files you want to print for designs as .jpeg, because .jpeg can more easily be printed and will then be presented at a high quality.
Sometimes color quality changes depending on CMYK as well but that's a whole other ball of wax.
Overflow occurs when the magnitude of a number exceeds the range allowed by the size of the bit field. The sum of two identically-signed numbers may very well exceed the range of the bit field of those two numbers, and so in this case overflow is a possibility.
USB ports, headphone jack/microphone port, and of course, a power button.
