Matrices are arrays of numbers arranged in rows and columns. The order of a matrix specifies the number of rows and columns. Entries are the individual numbers within the matrix. Basic matrix operations include addition, subtraction, scalar multiplication, transpose, and multiplication. Matrix multiplication is only defined when the number of columns of the first matrix equals the number of rows of the second matrix. The determinant provides a scalar value for a square matrix and is used to determine properties like invertibility. Excel can be used to perform matrix operations through functions like MMULT and control-shift-enter.