How do I create  a Favorite Screen component in N2KView?

Click on Commands&Settings-->Screen Setup-->Add New Screen-->select an area in the design plane-->click "Add".
The video below shows the user construction a new screen, new component for DC Voltage.
A parameter selection window will appear, scroll through the list of available components folder, select the component type, select the desired form.

The component editor for the parameter will appear. Select the features or options you want for this component and click save when done.