MS Excel
You can move a sheet from one workbook into new book by

From Edit menu choose Move or Copy then select (new book) from To Book list and click OK
From Edit menu choose Move of Copy then choose (Move to end) and click OK
From Edit menu choose Move or Copy sheet, mark the Create a ccopy and Click OK
None of the listed here

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MS Excel
When you link data maintained in an excel workbook to a word document

The word document cannot be edit
The word document contains a reference to the original source application
The word document contains a copy of the actual data
The word document must contain a hyperlink

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