CORRECT!

Let's take a look at the airspeed indicator installed in my Cessna 172M. You'll notice the markings on the instrument as follows: The white arc extends from app. 54mph to 100mph. Flaps are not to be used above 100mph. The bottom of the white arc (54mph) indicates the stall speed with flaps extended or the power-off stall speed.

The green arc (app. 61mph-142mph) represents the normal operating range. The yellow arc (142mph-180mph) is the caution range. These airspeeds can be used but only in smooth air. The airframe is designed to withstand the aerodynamic pressures experienced at these airspeeds, but turbulence can result in local airflow increases that could overstress the airframe.

The red line (181mph) represents the never-exceed speed. Structural damage can result if the aircraft is operated at or above 181mph.

The maneuvering speed is defined as 'the maxiumum speed at a particular weight at which the controls may be fully deflected without overstressing the airplane.' The key wording here is '...at a particular weight'. The maximum maneuvering speed changes with gross weight so this speed is not marked on the airspeed indicator. Recommended maneuvering speeds for different weight configurations can be found in the pilot operating handbook (POH).