Where is the Edit > Develop Settings option???

Hi all

I am doing some study for my Photoshop ACE exam with the help of a study guide (ACE Exam Aid).

One of the questions it asks is:

You have saved the current image settings as a preset in Camera Raw and want to apply it in part or whole to selected raw files in bridge. What should you do?

The answer turns out to be: Choose Edit > Develop Settings and then select preset by name.

Now for the life of me I can't seem to find this Edit > Develop settings option in Photoshop, Camera RAW or Bridge!

Any help would be greatly apprecaited.

Highlight an image in bridge, then simply go to edit and it is the 11th choice down in the list.