yes
No it is on the quick access toolbar.
Mini Toolbar
The Access Window
A mini toolbar gives you additional commands appears as you select and hover over text, or right click text in a document. it lets you change the font size, make the test bold, and all that stuff.
It is called the Mini Toolbar.
Option button
Select text, and then hover over the dimmed Mini Toolbar.
Mini Toolbar
Well honestly the quick access toolbar is the quick access toolbar.
The Quick Access Toolbar (QAT) is a small, customizable toolbar that exposes a set of Commands that are specified by the application or selected by the user.
mini toolbar
"Mini" toolbar