What does the term 'Templatize' refer to in Notepad?

Templatizing in Notepad refers to the process of creating document blueprints for easier report generation. By establishing templates, users can standardize the structure and format of their documents, which facilitates quicker and more consistent report creation. This is particularly useful in scenarios where specific formats are required, allowing users to focus on the content rather than repeatedly setting up the layout. Templatizing streamlines workflow, ensures uniformity, and improves efficiency when generating various types of reports.

The other options, such as creating dynamic charts, clearing outdated content, or embedding multimedia elements, do not accurately describe the function of templating within Notepad. While those activities are related to document management and formatting, they do not capture the essence of templating as a method for establishing reusable document structures and enhancing productivity.