Final answer:
The correct term for a Word document already set up with text or formatting options is a template. Modern word processors provide robust features, including templates, to create documents with professional typesetting qualities for various purposes.
Step-by-step explanation:
The term that refers to a Word document that is already configured with specific text or formatting options is template. In the context of word processors like Microsoft Word, a template serves as a pre-designed framework that can be used repeatedly for different documents without having to set up formatting every time. Templates can include various elements such as fonts, page layout, and other predefined settings to ensure consistency across similar documents. For example, creating an MLA-formatted document for a college essay can be facilitated by starting with an MLA template, which will have the proper margins, font size, header layout, and title page setup according to the Modern Language Association guidelines.
The development of word processors and desktop publishing software has greatly influenced the typesetting of documents. Early word processors offered only basic text formatting, whereas now we have access to robust features that replicate professional typesetting. From variable width fonts to the ability to view a document as it will be printed (WYSIWYG), modern software allows for the creation of highly stylized and professionally appearing documents. Utilizing these features and related tools like templates, even non-specialists can achieve aesthetically pleasing and properly formatted documents for various purposes, from business writing to academic work.