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In this tutorial, MD Tech demonstrates how to undo or redo actions in Microsoft Word. To undo an action, users can press Control + Z on their keyboard or click the back arrow in the toolbar, which is found under the Home tab. To redo an action, users can press Control + Y or click the forward arrow icon. This process is straightforward and assists in managing edits effectively. The tutorial concludes with an invitation to viewers to join the next tutorial.