How to accept label under formula option in Microsoft Excel 2007

[Mathrubootham]

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In Excel 2003, on the tools menu options command, calculation tab, there was an accept labels in formulas checkbox. Where did that feature disappear to in 2007.

[QUENBY]

I am an Office Master Instructor who teaches excel to about 2000 students per year; I'll be sure to continue to tell them how upgrading to 2007 was a huge mistake.

[GALIENA]

In fairness, the labels in formula feature was not frequently used, and when it was used it was often not used properly. This was part of the rationale for its removal. I agree that many characteristics of Office 2007 are less desirable than those of previous releases.