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The idea which includes the five dimensions of personality has strong dominant in the field of personality studies. In this way, it has enjoyed wide spread popularity in applied organizational context. Although five factors were found in various studies, but its structure has not been accepted generally. The present study aims to explore the current studies regarding nature of five dimensions of personality, its application, its limitations, and the other related characteristics in order to revalue it. The current study confirms the suggested structure of such traits for the study of personality.