To answer your question yes.
Secondly not being pedantic it's best to clarify just so there aren't confusion going forward.
Document B is a file and the shortcut for what you called "File A" is actually a folder as it houses files like Document B.
The reason I say to avoid confusion is that you can actually create a hyperlink to any file (even a short cut) inside a word document for example.
Therefore in
that context you are creating a link inside Document B for the Shorcut to File A.
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