Generally no, as the most common image types on the Internet
would be GIF and JPEG. Both of those are bitmap (single object)
file types.
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Is there any kind of advanced editing you can do to images that you have
copied and pasted from the internet in Word?<<
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Let us know if this helped you,
Bob Buckland ?

MS Office System Products MVP
*Courtesy is not expensive and can pay big dividends*
Office 2003 Editions explained
http://www.microsoft.com/uk/office/editions.mspx