Consider the following two statements: $1)$ Performance Management essentially amounts to performing quarterly evaluations and annual reviews; $2)$ Day$-$to$-$day coaching has a greater impact on whether or nor an employee does their job than annual performance reviews.

Both statements are true.

Both statements are false.

Statement $1$ is true, but statement $2$ is false.

Statement $1$ is false, but statement $2$ is true.