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But what a screenshot might have achieved in communicating the issue …
To select a Layer with the Move Tool selected ctrl-alt click on the arrow you want to edit, then invoke Transform (cmd-T).
(1) Can I put all of my arrows (shapes) on the same layer, so I can just move or resize whichever one I choose without having to figure out which layer it is on.
If they are Shape Layers selecting them all and merging (cmd-E) should combine them.
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I just hold the Shift Control/Command key as I start my second (3rd, 4th, 5th) object to keep them on one Shape layer. You can let go while still drawing if you don't want Shift to constrain the mouse.
EDIT: It's Shift! not Control/Command to add multiple shapes to one shape layer. I was just doing it on a job and realized I wrote the wrong modifier keys. Sorry!
I forgot the second half of the question...
Thank you Barbinder, c.pfaffenbichler, Barbara Ash, and Michael - it was hard to choose which of your responses to choose as the correct answer because you all gave me slightly different ways to accomplish exactly what I want while making the task easier. I really appreciate your help!