Polygon

The polygon tool, found on the Draw toolbar, is a way to easily make a polygon with any number of sides.  First you will be asked for the number of sides, then the center of the polygon. T hen you are asked whether you want to circumscribe or inscribe the polygon.  AutoCAD creates the shape based on a circle of the given radius. you can choose whether you want the polygon to lie inside a circle of that radius, or whether you want it to lay outside a circle of that radius.

Inscribed = inside the circle

Circumscribed = outside the circle

   
In this image, the polygon is circumscribed outside the red circle, and inscribed inside the blue circle.