To clarify a bit on that --
When most people are talking about cycling a tank and they reference testing the parameters over the course of weeks, it is because the are cycling a tank that is sterile.
They add dry rock, dry sand, new equipment - nothing is alive in there.
Largely, this is done because dry rock is a ton cheaper than live rock and dry rock avoids unwanted hitchhikers, parasites, invasive algae etc.
They then need to essentially culture bacteria in the tank to start making the tank "live" before adding fish.
If, on the other hand, you go buy a pile of live rock that already has an active bacteria culture on it, since it is live rock, there is no need to spend weeks growing bacteria since you just actively imported 40 pounds of rock worth.
That said -- you should NOT run off and also dump a full tank worth of fish in. Just because the rock has bacteria doesn't mean it has a large enough colony to handle a giant bio load right off the bat. That is why people usually recommend waiting a few weeks between adding new fish. Add a fish, let the bacteria grow to fit the new bio load, add another.
When I move all the rock out of my old tank into the new tank followed by all my livestock, that is because my rock had the capacity already to handle the livestock.