Final answer:
A consensus has formed around the Five Factor Model, which includes five key personality traits: Openness, Conscientiousness, Extroversion, Agreeableness, and Neuroticism, summarized by the acronym OCEAN.
Step-by-step explanation:
In recent years, a consensus has emerged that five factors best characterize personality structure. These are part of the Five Factor Model, often remembered by the acronym OCEAN, which stands for Openness to experience, Conscientiousness, Extroversion, Agreeableness, and Neuroticism. This model is widely accepted in the study of personality as the most accurate approximation of the basic personality dimensions. Unlike Cattell's 16 factors, which were criticized for being over-elaborate, and Eysenck's two-factor system, seen as too narrow, the Five Factor Model offers a balanced and well-supported framework for understanding personality traits.