One can have dual boot option on PC to boot multiple operating system on single computer.
For example, you can have Windows XP, Linux, Vista, Windows 7 etc on single PC by installing them in different partitions. But to have that dual configuration, you will have to install the latest version after the earlier ones. For example, you can have dual boot option if you have installed Windows 7 in different partition on a PC with already installed XP. But if you will install XP after Windows 7, boot screen will not see any option to start Windows 7. But there may be a situation where you need to install Windows XP on your pre-installed Windows 7 PC.