Yes, and if for some reason then you clear the CMOS (BIOS configuration error, discharged battery, or whatever) you can no longer boot your PC because the boot information regarding the parameters to pass to the kernel is lost...
Ah the lovely naming hacks of UEFI. :-P I remember the troubles it took to boot Ubuntu on a Lenovo laptop because the EFI was 32 bit, while the system supported 64 bit.