Is it possible to copy paste from/to Windows7 host/Ubuntu Server 14.04 - VirtualBox

I have a guest VM ruing Ubuntu Server 14.04. My host operating system is Windows7.

I really have spent a lot of time reading tens of topics regarding copy paste from/to Windows7 host/Ubuntu Server 14.04. But because I am a newb, I really ask now is it possible to do so?

Thanks for your comprehension