When the cost incurred on recruiting, training and developing the employees is considered for determining the value of employees, it is called

the opportunity cost approach
the historical cost approach
the replacement cost approach
the marginal cost approach

The correct answer is: C. the replacement cost approach.

The replacement cost approach is a method of determining the value of an asset by estimating the cost to replace it. In the context of employee value, this approach would consider the cost of recruiting, training, and developing a new employee with the same skills and experience as the employee being valued.

The opportunity cost approach is a method of determining the value of an asset by estimating the value of the next-best alternative that is forgone by choosing a particular option. In the context of employee value, this approach would consider the value of the employee’s time if they were not working for the company, such as the salary they could earn elsewhere.

The historical cost approach is a method of determining the value of an asset by estimating the amount of money that was originally paid for it. In the context of employee value, this approach would consider the employee’s salary when they were first hired.

The marginal cost approach is a method of determining the value of an asset by estimating the additional cost that would be incurred if one more unit of the asset were produced. In the context of employee value, this approach would consider the cost of hiring and training a new employee.

In conclusion, the replacement cost approach is the most appropriate method for determining the value of employees because it considers the cost of replacing them.