Can the Arduino handle lots of variables?

Oh man, I went and I read about arrays, and yeah, that would be easier...
So my code would look like this?:

int buttonPin[11];
int buttonVal[11];
int buttonState[11];
int buttonCheck[11];

int potPin[8];                  
int potVal[8];                
int mappedPotVal[8];          
int prevPotVal[8];               
int potTHRESHOLD[8]; 

int faderPin[4];                 
int faderVal[4];             
int mappedfaderVal[4];           
int prevfaderVal[4];               
int faderTHRESHOLD[4];