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In this tutorial, MD Tech explains how to undo or redo actions in Microsoft Word. To undo an action, you can either press Control + Z on your keyboard or click the back arrow in the toolbar. This undo function is located under the Home tab. To redo an action, use Control + Y or click the right arrow in the toolbar. The process is simple and helps manage typing actions effectively. The tutorial concludes with an invitation for viewers to watch future tutorials.