New from existing option is present in the Available templates section.

Paragraph formatting is the most important factor in the overall appearance of a document. 

The default text wrapping for a picture is Through.

Create New style option allows you to create any style with the formatting of your choice.

Hanging indent indents the first line of a paragraph.

Microsoft Word provides five types of alignment.

You cannot embed objects created in other programs into a Word documents.

Odd page option is the category of section breaks.

Alignment is the systematic placement of text within a section of a document to enhance its readability. It determines the appearance and orientation of the edges of the paragraphs. 

Word does not allow to add page numbers in the Header section of a document.

The continuous category of section breaks starts the new section on the next page.

You can add text inside the shapes by right-clicking on them and selecting the Add text option.

You can only insert the images from the clip art gallery built-in-within the word processor.

Paragraphs are used to break continuous text to one or more sentences. This enhances the readability of the content.

You can insert a PDF file, Excel spreadsheet, power point presentation, or a sound file within the Word processor. 

A template can be created in two ways.

By default , there is one-line gap between paragraphs.

The Grow Font option is used to make the font size smaller than the current font size by the specified point.

Different paragraph styles grab and hold the attention of the readers.

Header and Footer are the identifiers that respectively run across the top and bottom of the document.

Some of the Wrap Text options available MS word are square, Tight, and Through.

A person opening your document must have the relevant software loaded on his computer to operate the embedded file.