Which one of the following statements is NOT true?

Errors made by reviewers, including personal biases, are more
     difficult to recognize than errors made by authors or grant
     applicants.
Manuscripts and proposals from new professionals must receive
      treatment equal to that afforded established researchers for a peer
      review system to be successful.
There is a wealth of evidence on the effectiveness of the peer
      review system in selecting the best, regardless of the criteria used. An inherent conflict exists in the peer review process: The most
      qualified peer reviewers are also the people most likely to benefit
      from privileged material in the documents reviewed.
All of the above are true.