On the issue of name fields, the WRONG answer is first name, middle initial, last name, etc. for many reasons.
Many people are known by their middle name, and formally use a first initial, middle name, last name format.
In some cultures, the surname is the first name, and the given name is the last name.
Multiple first and/or middle given names is getting more common. As @Dour High Arch points out, the other extreme is people with only one word in their name.
In an object-oriented database, you would store a Name object with methods to return a directory-style or signature-style name; and the backing store would contain whatever data was necessary to support those methods.
I haven't yet seen a relational database model that improves on the model of two variable-length strings for directory-style and signature-style names.