Can multiple individuals edit an Excel document that is saved on a local network server and are they able to save their alterations to the same file?

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Yes, multiple individuals can edit an Excel document that is saved on a local network server and save their alterations to the same file. This is possible with a shared network folder setup, where users access the file from the same location and any changes made are automatically saved to the same file. However, it is important to ensure that the file is not locked by any user to prevent conflicts and data loss.