MS Excel
When you insert an excel file into a word document. The data are

Embedded
Hyperlinked placed in a word table
Linked
Use the word menu bar and toolbars

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MS Excel
When you want to insert a blank embedded excel object in a word document you can

Click the create worksheet button on the formatting toolbar
Click the office links button on the standard toolbar
Click the object command on the insert menu
Click the import excel command on the file menu

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MS Excel
The name box

Shows the location of the previously active cell
Appears below the status bar
Appears below the menu bar
Appears to the left of the formula bar

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