1. Fatty acid oxidation and synthesis involve complex multi-step pathways that occur in the cytoplasm and mitochondria. 2. Fatty acid oxidation via beta-oxidation breaks down fatty acids into acetyl-CoA units, requiring activation, transport into mitochondria, and four reaction cycles. 3. Fatty acid synthesis occurs primarily in the liver and involves production of acetyl-CoA and NADPH, conversion to malonyl-CoA, and fatty acid complex reactions to build palmitic acid from two-carbon units.