thanks NT. I guess where I'm coming from is if for example, on a battery cable, which could look fine from the outside, could be all but completely broken on the inside (like an almost complete blockage inside a water pipe). A continuity test would show you have continuity and on a mass produced DMM, not much else. However, if you put the red probe on the end of the wire closest to the battery, and the black probe at the other end of the wire, then the reading on the voltmeter would presumably be quite high, since not much voltage (water pressure in the water pipe analogy) would be getting through. As the voltmeter tests the difference in voltage between the two points then would the voltmeter not give quite a high reading, depending on how much voltage is getting through?
Don't get me wrong NT - I'm not questioning what you're saying I'm just trying to understand this stuff.