Starting a new project

Which is/are true?
  1. You can select a name for your project, but not a directory
  2. You can select a directory for your project, but not a name
  3. You can select both a name and a directory
  4. You can not select either a name or a directory, because they are assigned automatically
  5. You can not select either a name or a directory, because the development system automatically creates files
Explain your answer.

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