api-ms-win-crt-runtime-l1-1-0.dll is missing when opening Microsoft Office file

While the answer from alireza is correct, it has one gotcha:

You can't install Microsoft Visual C++ 2015 redist (runtime) unless you have Windows Update KB2999226 installed (at least on Windows 7 64-bit SP1).

The default solution is to install KB2999226 of Microsoft.