NeoMoses, you have it right.
I would add that you should now be able to purchase a 0.1 Ohm, 10W 5% resistor directly from Caswell, its the one now included in LCD kits. 5% tolerance is OK for LCD measurements.
But if you are a geek like me, or you need more power:
0.1 Ohm 50W 1% from Mouser (
www.mouser.com) or Digikey (
www.digikey.com) for about $7.50 ea.