It is not easy to space buttonholes exactly the same distance apart, and it is very difficult to cut them precisely the right size . The tiniest slip of the scissors will make the hole too large, and even one thread uncut will leave *it* too small.

Which option(s) below is/are correct for question: are "the hole" and "it" the same entity?

OPT: (I). no. (II). yes.
(II).