Final answer:
The Five Factor Model of personality provides a framework for understanding key dimensions of personality, but it does not replace specific trait terms that may be used to describe individuals in more detail.
Step-by-step explanation:
The Five Factor Model of personality is a widely accepted theory in psychology that identifies five key dimensions of personality: openness to experience, conscientiousness, extroversion, agreeableness, and neuroticism. These dimensions were derived from ratings people made of themselves and others, and the model outlines a taxonomy of the basic dimensions of personality.
However, one thing that is NOT true about the Five Factor Model is that it is meant to replace the many specific trait terms that have been used. The model provides a broader framework for understanding personality, but it does not replace specific trait terms that may be used to describe individuals in more detail.