Yes, but it is not standard and can be confusing, in my experience. For hosting I mean, their dns manager is pretty easy to use for managing your domains. Hope that helps
I understand why people buy domains from GoDaddy, I mean their marketing campaigns are catchy I guess but they suck as a registrar, seriously! But they certainly are even worse as a site host. You also should never have your domain and hosting with the same company, avoid that especially with GoDaddy who has a rep for just taking domains from customers. Buy your domain with GoDaddy but host elsewhere, get a cheap account with HostGator whi who uses CPanel, has excellent support, they are good for your needs and a real hosting company.
Go daddy has nice prices but their layout suck big time. Their hosting i do not want to even think about it and you should avoid hosting your domain with them. Go across the street and pick hostgator for better support.