I asked this question on Superuser: Does Office365 have application passwords like Google does?
While I had my question answered about Office 365 Personal (I found that application passwords are available, and require 2-factor authentication enabled), I also learned that Office 365 for Businesses is apparently a different beast.
I haven't been able to find the correct options to enable app passwords in Office 365 for Businesses.
Given administrator permissions, how can I enable application passwords for Exchange/Office 365 for Businesses?
Reason: I'm creating my own application that uses SMTP to process emails in my business email account. Given that I don't trust anyone to program something perfectly, including myself, I'd rather not include my account password if I can instead use a password unique to that service.