This is probably a stupid question, but I won't know unless I ask I guess (and it won't be the first time I've asked the obvious).

You can name a folder anything you want? By that I mean you can just change the folder name and as long as you correct the path (I use correct reference) so poser knows where to look for the item it will work?

I have left everything in the folders that they extract to up to this point because I am not very comfortable with the program/file structure yet, but as my library gets larger I am finding it harder and harder to find items, remember where I got freebies, and find things that have obscure names that are nothing like what the item is.