Which of the following is incorrect regarding construction equipment management?

Question $8$ options:

The single most effective way to reduce equipment ownership costs and increase the return on investment is through a high level of utilization.

Effective equipment management can be achieved by maximizing ownership and operating costs.

A high level of construction equipment utilization can be achieved with good availability and good backlog.

Market perception of equipment residual value is one of the criteria that is used to select the right equipment.