Similar to Play Music the difference is that Play sound Effect has channel to identify played Sound Effect and can play multiple sources at the same time.

Play Sound Effect Properties

• Preview Preview selected audio file
• Browse Import and select audio file
• Volume How loud the audio file plays
• Fade In use Fade-in effect before audio start
• Fade In Duration how long fade-in running
• Channel select group of Sound Effect
• Loop Play if checked, the audio file will looped
• Silence Other Sound Effect if checked, the rest of the same channel will be silenced.