Error : Microsoft Word can't start the application required to open this object. An error occurred and this feature is no longer functioning properly.

When you click to activate or edit a Microsoft Excel Worksheet or Graph object, you may receive the following error message:

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Microsoft Word can't start the application required to open this object. An error occurred and this feature is no longer functioning properly. Would you like to repair this feature now?

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How to resolve : The bookmark included in the object link is a hidden bookmark. To see references to a hidden bookmark, do the following:
1. On the Insert menu, click Bookmark.
2. In the Bookmark dialog box, click to select the Hidden bookmarks check box.