It is always worth googling on an error code. In this case, I did exactly that and I think this link is probably the most definitive:
https://support.microsoft.com/en-us/kb/949140
Basically, it would appear that the VBS scripting components are either not registered correctly or you might have group policies in place which prevent the execution of VBScripts. Try reinstalling the scripting host and see if that solves the issue.