Drawing Settings are global settings applied to a drawing. They include Miscellaneous, Object Labels, Background Clearing, Dynamic Offset, Interior Angle and Dimension settings.
When the Drawing View is set to Profile Mode in the View Menu, choosing Drawing Settings will display the Miscellaneous Profile Settings. (Professional Edition only)
Personal, Premium, Professional
Object Labels Dialog
Drawing Settings vs. Traverse Settings
Changing Control Point Settings
Changing Side Shot Settings
Labeling Traverse Lines