True or False: A balloon on a drawing denotes the name of the component.

In welding and engineering drawings, a balloon typically indicates the name or designation of a component. This visual cue helps in identifying parts, especially in assembly drawings, where multiple components are represented. Balloons are usually numbered or labeled, allowing for easy reference to a parts list or bill of materials. When you see a balloon associated with a component, it signifies that this is an essential reference point for understanding the role and specification of that part within the assembly or overall design. This consistent use of balloons enhances clarity and communication for anyone reading the drawing, whether they are engineers, fabricators, or inspectors. Knowing this helps readers accurately interpret the drawing and understand the relationships between various components.