Term Set Not in Managed Metadata Column

Question

I have created three Term Sets in SharePoint Online for a managed metadata column. I cannot set a 'default value' for the column; and, the term sets are not available when I try to add them to that metadata column. I'm the Term Store Administrator; and Contributor & Manager for each of the Term Sets. I'm not sure if the error is in the Term Store or the Column.

Thank you for your time and assistance!

Answer 1

You should create a termset called companies, then add all companies as term in this term set. Like this:

Then in your managed metadata column, choose this companies termset.

Set default value: