A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
This seems to be a new emerging bug with the Office apps today which may be caused by an update, there are so many people reporting this problem.
1
Before performing this process to ensure you do not loose the Office installation during the repair, please log into your Microsoft account on this link (https://account.microsoft.com/services/) and check to ensure your Office licence or Microsoft 365 subscription is listed correctly on your account.
Open the Settings App (gear icon on your Start Menu)
Go to Apps - Installed Apps or Apps and Features
Then, scroll down to find Microsoft Office or Microsoft 365.
Select that and choose Modify - Online Repair
That should fix any issues with your Office Installation.
2
If that does not resolve the problem, are you seeing any notification at the bottom right of your screen indicating Smart App Control security is blocking Office.