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

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

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

Click the import excel command on the file menu
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

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