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):

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.