The management at LKS Inc.,a firm manufacturing hard disks,is involved in a dispute with the union members representing its employees.The management and the labor union do not seem to agree on the amount of compensations that needed to be paid to employees.Failing to arrive at a compromise,the disputing parties involve a third party to resolve the issue and offer a solution to the problems.The solution provided by the third party is open to the approval of both parties involved and is not likely to be binding.The third party in the given scenario best represents a(n):

Question

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The third party in this scenario is acting as a mediator, whose role is to facilitate a resolution between disputing parties through dialogue and negotiation. The solution offered by a mediator is not binding and requires the approval of both parties.

The Management at LKS Inc