Final answer:
The statement regarding MCV is true; MCV stands for mean corpuscle volume, a test that measures the average red blood cell volume to assess their size.
Step-by-step explanation:
The assertion that MCV stands for 'Measure of the average red blood cell volume (i.e. size) that is reported' is True. MCV, or mean corpuscle volume, is a common test in the morphological approach to diagnosing blood disorders, including various anemias. It specifically measures the average volume of individual red blood cells (erythrocytes), and is a critical component in evaluating the characteristics of these cells. Normal-sized cells are termed normocytic, smaller-than-normal cells are microcytic, and larger-than-normal cells are macrocytic. This information is used in conjunction with other tests, like reticulocyte counts and hematocrit levels, to assess the erythrocyte population and the oxygen-carrying capacity of the blood, which is vital to tissue health and function.