is the process reconciling the expenses and revenues of an event and dividing the profits according to a contracted arrangement. Group of answer choices Negotiation Scheduling Settlement Evaluation

The correct answer is settlement

Explanation:

Negotiation is usually before any binding agreement is reached, hence it does not involves expense and revenue reconciliation let alone sharing profits.

Scheduling refers preparing a support document or a breakdown of what constitutes a certain amount.

Evaluation is post project activity where actual performance is gauged viz-a-viz the expected performance.

Settlement has to do reconciling the true position of revenue and expenses earned and incurred between contracting parties such as joint venturers, with a view to determining the profits overall and individual share of profits as well as the eventual payment of cash.