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LASIK (Laser Assisted In Situ Keratomileusis) is a surgical procedure used to correct refractive errors of the eye, such as myopia (nearsightedness), hyperopia (farsightedness), and astigmatism. During the procedure, a laser is used to remove a small amount of corneal tissue to reshape the cornea, which is the clear front part of the eye. This reshaping of the cornea allows the eye to focus better and reduces a person`s dependence on glasses or contact lenses.
However, one of the statements in the given options is incorrect. The incorrect statement is "It is a procedure that can be done on the person of any age". LASIK procedure is not recommended for people under the age of 18, as their eyes may still be developing and changing. Additionally, LASIK is not recommended for people over the age of 40, as the natural aging process of the eye can affect the effectiveness of the procedure.