The interconnection between conceptual modeling and ontology has been widely recognized (Wand and Weber 1993; Guarino and Musen 2005; 2015) because both deal with understanding things and concepts in the real world. Nevertheless, there are different approaches to conceptual modeling activities, as well as to understanding and adapting concepts from the field of ontology. Guarino (2009), for example, argues that, despite all of the work on ontology, there is no consensus on how to build ontological distinctions into knowledge representation languages. Table 1 first reviews some of the main terminology found in both literatures highlighting that much effort has been involved in attempting to understand these complex areas of research.