Final answer:
Clicking the Charts dialog box launcher on the Insert tab opens the 'Insert Chart' dialog box, allowing you to choose and insert various types of charts in programs like Microsoft Excel.
Step-by-step explanation:
When you click the Charts dialog box launcher on the Insert tab in a program like Microsoft Excel, the 'Insert Chart' dialog box opens. This dialog box provides various options to choose from different types of charts that you can insert into your document. To insert a chart, you generally select the data you want to represent, then go to the Insert tab, click the Chart dialog box launcher, and you'll be presented with options such as Column, Line, Pie, Bar, Area, Scatter, etc. After selecting the type of chart, configure its design, layout, and formatting to best display the data you are working with.