So if I was to remove the battery from the DT 308 Harbor Frieight meter and measure the resistance in the diode check mode I should see 2k?
No, I was just trying to point out the meter is measuring ohms with a very approximate 1mA current source. So the reading will be an equally approximate representation of the millivolt drop across the device under test.
At least that is the case with the inexpensive (or sometimes free) meters I've looked at. Not familiar with the exact model you mentioned.
I did measure the resistance of the DT 838x in its continuity mode and it is approximate, but the most interesting thing, for me at least, was how closely the ohms are to the correct value listed on a resistor. As a bonus, it will measure up to about 1k resistance values without changing any ranges. So it turns out that if you use it to see if it lights up a white led, (it does) only thats only a small part of its usefulness.
For a cheap crap 4 dollar multimeter from China knowing how versitile the continuity mode with the beeper makes it and knowing it's putting about 1ma through the dut it sort of gives it added functionality when troubleshooting. Everyone needs one in their backpack. IMHO.
BTW, as a throw away piece of junk I found a great use for it when buying low voltage batteries. To test coin cell batteries, put it in amps range and dead short the battery and it will give a rough estimate of the power rating.