EDMC-FIBO/BE 1.1 RTF Avatar
  1. OMG Issue

FIBOBE11 — Sole Proprietorship is defined twice -- once in the Sole Proprietorships ontology (new) and once in the Functional Entities ontology

  • Key: FIBOBE11-5
  • Status: closed  
  • Source: Thematix Partners LLC ( Mrs. Elisa F. Kendall)
  • Summary:

    When the sole proprietorships ontology was created, the class SoleProprietorship was introduced as an independent party in the new ontology. However, a class by the same name already existed in the Functional Entities ontology which is defined as a kind of functional business entity (business). The latter should be deprecated and made equivalent to the new class to avoid confusion and reasoning issues.

  • Reported: EDMC-FIBO/BE 1.0 — Fri, 8 Apr 2016 17:35 GMT
  • Disposition: Resolved — EDMC-FIBO/BE 1.1
  • Disposition Summary:

    Sole Proprietorship is defined twice – once in the Sole Proprietorships ontology (new) and once in the Functional Entities ontology

    When the sole proprietorships ontology was created, the class SoleProprietorship was introduced as an independent party in the new ontology. However, a class by the same name already existed in the Functional Entities ontology which is defined as a kind of functional business entity (business). The latter should be deprecated and made equivalent to the new class to avoid confusion and reasoning issues.

    This issue affects section 9.7.1, Functional Entities and the related ontology only. It eliminates a redundant class that is defined with inconsistent semantics, which would be confusing and possibly detrimental for FIBO BE users and implementers.

  • Updated: Thu, 6 Apr 2017 13:52 GMT
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