Final answer:
The managerial function illustrated in the scenario is Controlling. Andrew Liveris, Dow Chemical CEO, checks financial reports to assess whether Dow has met its financial goals for the quarter.
Step-by-step explanation:
The managerial function illustrated in this scenario is Controlling. Controlling involves monitoring and evaluating performance against set goals and taking corrective actions when necessary.
Andrew Liveris, Dow Chemical CEO, checks financial reports to assess whether Dow has met its financial goals for the quarter. By reviewing and analyzing financial data, Liveris is engaging in the controlling function to ensure that the company is on track.
This helps Liveris to make informed decisions and adjust strategies if needed to meet the financial objectives of the organization.