Final answer:
The recall by Hormel Foods in 2004 was an application of the management function of controlling, which involves taking corrective action to align performance with standards.
Step-by-step explanation:
In 2004, Hormel Foods' recall of 104,000 pounds of Stagg canned chili after finding ground-up parts of a plastic handheld calculator in the product is an example of the management function of controlling. Controlling involves measuring performance, comparing it to established standards, and taking corrective action when necessary. It is a critical function to ensure that organizational goals are met and that processes are running as intended. In this case, the recall was a corrective action taken to deal with a quality issue, aiming to protect consumers and preserve the company's reputation.