See the solution below in Explanation.
Explanation:
To create a label that adds a watermark of "Project Falcon" in red, size-12 font diagonally across the documents, follow these steps:
* Create a Sensitivity Label:
* Log in to the Microsoft Purview portal or the Microsoft Purview compliance portal as an admin.
* Navigate to Sensitivity labels and create a new label called "Project Falcon".
* Specify the appropriate settings for this label, including encryption, content markings, and permissions.
* Configure Content Markings (Watermark):
* When creating the label, configure the content markings section.
* Choose "Watermark" and set the text to "Project Falcon".
* Select the color as red and font size as 12.
* Set the watermark position to diagonal across the document.
* Assign the Label:
* Assign the "Project Falcon" label to the relevant documents within the Falcon project.
* Users who apply this label will automatically add the specified watermark to their documents.