Pretty much. Say for example, if you were to boost at 2k. With a narrow Q, you would be boosting 2k, and very few frequencies around it, and wold lok more like a spike at 2k. With a wide Q, you'd be boosting 2k and a whole bunch of frequencies around it, and would look like large curve peaking at 2k. So the wider the Q, the more surrounding frequencies are affected by your boost or cut or whatever.