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What is the purpose of a text box in a formal business document?

User Hdotluna
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Text boxes can contain many different types of elements and are handy when you need to insert information in a specific place.  
User DanielaWaranie
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Answer and explanation:

In a formal document, a text box can be useful to point out information that may be of interest to the reader or to give brief disambiguation over a term or topic that could be unclear at first read. A text box can be added from the "Insert" tab on Microsoft Office Word.

User DarkTrick
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