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

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

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MS Excel
You can auto fit the width of column by

Double clicking on the column left border of column header
Double click on the cell pointer in worksheet
Double clicking on column right border on column header
Double clicking on the column name on column header

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