Why each Excel file is called a workbook?

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You have to work hard to create it. It can contain many sheets including worksheets and chart sheets.
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Excel is a collection of work sheets (Sheet 1, Sheet 2, etc) .. Collection of worksheets is called as Workbook.
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MS Excel Macro(VBA) Specialist

Real technical term is workbook, but we wrongly call it as excel file. 'excel file' doesn't make any sense but 'Workbook' makes sense that is it has basis worksheets to work on data.
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Advanced Excel, VBA Automations, Reporting Insight

Excel file is called a workbook because like pages in the book, this also contains different sheets called worksheets. A workbook should have a minimum of one sheet to save it.
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