A. Yes, enter the command

NET TIME \\<name of the server to set time to> /SET /YES

Please note that users will require "Change System Time" user right, via User Manager\User rights. There is a utility on the resource kit called TimeServ which runs the time synchronization as a service and works even when there are no logged on users.

Also see Q. How do I configure a user so it can change the system time?