Which feature allows for customizable visibility of columns and row suppression?

The feature that allows for customizable visibility of columns and row suppression is the Display Options. This functionality enables users to tailor their views within the application by selecting which columns or rows they wish to display or hide.

The importance of this capability lies in the need for users to focus on specific data elements that are relevant to their roles or tasks without being overwhelmed by unnecessary information. Customizing visibility enhances user experience and efficiency, as it allows for a more streamlined data presentation that reflects the needs of the organization or particular analysis.

Other features mentioned—Sheet Formats, Access Settings, and Viewing Preferences—serve different purposes. Sheet Formats typically pertain to the aesthetic and structural design of the sheets rather than the visibility of specific data elements. Access Settings focus on user permissions and who can view or interact with certain data, while Viewing Preferences might allow users to set general preferences for how they utilize the interface, but they do not specifically address the customizable visibility and suppression of individual rows or columns.