Hi Dennis
If the sounds are produced by synthesis, then your oscillator description is correct, however most boards use samples, which are audio recordings of parts of the real instrument, (No oscillators involved) which are then combined (Processed) by the CPU and RAM/ROM to produce the sound .
Point to note; there many types of CPU out there, (Not all are called CPUs) so it does not have to be the same as in a computer.
Hope this makes things clearer.
Bill
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