Explanation

Step 1:
If you want Office 365 ProPlus to get updates automatically from a network share called \\MyServer\Updates, you would include the following line in your configuration.xml file:<Updates Enabled="TRUE" UpdatePath="\\MyServer\Updates" />
Step 3:
The users who test updates should not be required to install updates.
Step 3: We should only use reviewed updates.
References: https://technet.microsoft.com/en-us/library/dn761708.aspx

Explanation

Box 1: 64-bit only
As OfficeClientEdition="64"
Box 2: will be activated automatically.
Office 365 Click-to-Run products are already set to activate automatically. You must not set AUTOACTIVATE for Office 365 Click-to-Run products.
Box 3: No
The value "Groove" is used to exclude OneDrive for Business.
References:
https://technet.microsoft.com/en-us/library/jj219426.aspx#BKMK_DisplayElement

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Explanation

Set-SPOSite sets or updates one or more properties' values for a site collection.
Example: Example 2 updates the settings of site collection https://contoso.sharepoint.com/sites/site1. The storage quota is updated to 15000 megabytes.
Set-SPOSite -Identity https://contoso.sharepoint.com/sites/site1 -StorageQuota 15000 Parameters include: Title Specifies the title of the site collection.

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