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6.1. Fact models: an overview > 6.1.6. Concepts - Pg. 147

126 CHAPTER 6 Fact models In the examples above 1. party is the hypernym 9 of person and organization, while person and organization are hyponyms 10 of party (the set of persons and the set of organizations are subsets of the set of parties); 2. person is a hypernym (as is party) of minor and adult, each of which is a hyponym of person (and party); 3. organization is a hypernym (as is party) of business, government body, and registered not-for-profit organization, each of which is a hyponym of organization (and party). As we shall see, such taxonomic relationships provide a number of significant advantages, including the following: 1. A more useful means of organizing terms than alphabetically, allowing for both the big picture and detailed pictures of the organization's environment, and answering questions of the form "what term is used for the concept . . .?" (as discussed in Section; 2. The ability to define relationships and relationship terminology at a generalized organization-wide level, which are then inherited by the hyponyms of the terms in the generalized relationship (as in the example in Section; 3. The ability to develop the model in a more comprehensive and consistent manner through the emer- gence of patterns: for example, if it is understood that parties participate in arrangements, the model