VLC: Resuming Video Playback

Sorry for the newb question, but I installed VLC over the weekend and am wondering whether there is a setting in VLC that will allow me to resume a video playback from the point I stopped playing it. E.g; I watch part of a movie, need to go do something else, so I stop playback, shut down VLC...come back, and want to start watching the movie from the point where I stopped playback earlier.