Step 1: {Identify distinct characters}
The word 'MONOTONE' contains the unique characters: M, O, N, T, E.
Step 2: {Quantify distinct characters}
The count of distinct characters is 5.
Step 3: {Apply the subset formula}
For a set with \( n \) elements, the quantity of possible subsets is \( 2^n \). Here, \( n = 5 \).
Step 4: {Compute the total number of subsets}
Total subsets = \( 2^5 = 32 \).