Ideally if a person was to measure resistance both ends of the cable would be terminated with a pin, plug jack, etc. When you're measuring a bare cable and there are lots of strands in the cable this only tells you that you have continuity on one or more of the strands.
The end result would show continuity, this does not address resistance, or capable current load on said wire.
I have worked on vehicles that have been at least 20-30 years old and have found battery terminals, to wiring harness completely green with rust. Measuring the resistance in this case would determine that there is, and would be a large voltage drop.
Now, if you're measuring complex circuits say with a relay, many of a technician have been fooled only measuring resistance, continuity, but not the actual voltage drop while the circuit is live . . .
That is why often times relays are misdiagnosed as being a problem, and test out OK, but under load their resistance increases . . .
Just in case someone new is reading this some basic's should be stated.
Continuity = Measures a wire from A-B point, if you do not receive confirmation of continuity you either have a separation in the wire, or it is on the edge of just breaking away, but it is being held in place by the insulation. But, when there is movement or vibration it causes wire to flex then separate thus causing a *open condition*
Resistance = Can only be measured with out voltage applied. Setting your meter to the correct values is paramount assuming your meter even reads to the lowest levels say milli ohms . . . When measuring resistance its always best practice to zero out your meter and verify that your test leads are 100% and clean. Setting it for a beeping tone for continuity while watching the display should result in a beep, and display 0 ohms.
There are times you will see it does not show zero when you do this, this is OK. That is the whole point of you doing this test, and determining what tolerance your meter is capable of resolving.
If the said meter always displays 1 ohm, then that is your reference to subtract that difference from the measured device. When you're working on delicate electronics that is the difference in a good to go, or no go situation as all makers have tolerances.
Current: Unless you have clamp on meter which does not require physical separation of the circuit. You will have to turn off the power to the device. Configure your DMM to measure ampere's, break open the circuit under test, and insert your test leads *observing correct polarity* and the limits of the DMM, and then turn back on the power, then activate the said device and measure the current passing through the live circuit.
I have to eat lunch now . . .