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Moving and resizing of picture box works exactly as that of a Text box. You need to select the picture box first. Now the picture box can be moved either by entering the new Origin values. Or with the help of a mouse by first clicking on the picture box (with the Arrow Tool) and while keeping the mouse pressed, moving the mouse.
Similarly the picture box can be resized by either entering the new height and width values in the ribbon or moving the mouse on top of the picture box handles and when the resize cursor appears pressing the mouse and dragging with the mouse pressed until the requisite dimensions have been achieved.