The management at a firm manufacturing toys is involved in a dispute with the union members representing its employees. The union members want a pay hike, but the management is not ready to approve the hike. Failing to arrive at a compromise, the disputing parties involve a third party to resolve the issue and offer a solution that is legally binding. The third party in the given scenario best represents

Group of answer choices

a scab.

a strikebreaker.

an arbitrator.

a mediator.

a conciliator.