The Access Window
ribbon
Word window
Mini toolbarMini Toolbar, Ribbon, & Office button.
True
It is called the Mini Toolbar.
Option button
No it is on the quick access toolbar.
Select text, and then hover over the dimmed Mini Toolbar.
yes
Mini Toolbar
You may mean the formatting toolbar, which is usually on by default and can be used to format text, but has other uses too.
mini toolbar