Inserting Pictures

Insert Tab, Picture drop-down
SS

Insert Picture from This Device

SS - Insert Picture dialog box

link - support.microsoft.com/en-gb/office/embed-or-link-to-a-file-in-word-8d1a0ffd-956d-4368-887c-b374237b8d3a 

Insert
No Links is added

Link to File
Inserting picture using Insert > Object and then "Link to File"
This does not embed the picture.

Insert and Link
The default is to embed the picture.

Tools drop-down has "Map Network Drive"

Insert Picture from Stock Images

Insert Picture from Online Pictures