Mirroring is an easy-to-use technique that requires little skill

A penalty may be assessed against an income tax return preparer who takes an unreasonable position that causes an understatement of liability on a return. For purposes of assessing the penalty, "understatement of liability" means

A. Any understatement of tax liability greater than $100. B. Any understatement of the tax liability or overstatement of the amount to be refunded or credited. C. Any understatement that exceeds 10% of the tax liability shown on the return. D. Any overstatement of the amount refundable that exceeds 10% of the amount refundable shown on the claim for refund.

The replenishment cycle occurs at the

A) customer/retailer interface. B) retailer/distributor interface. C) distributor/manufacturer interface. D) manufacturer/supplier interface.