Best way to manage iMac and two iPads?

Have a new iMac (Intel,OS X Lion) and two iPad 2.  The iMac is mine the and iPads are my kids. We all have our own apple IDs.  I ultimately want to do any downloading/purchasing on the iMac and then transfer the music/apps/movies to the iPads.
What is the best way to manage them so I can sync the iMac to the iPads? 
Can I download apps/music etc. on my iMac and then sync it to both of the iPads?
Do I need to use the same Apple ID on all of them if I want to sync the iMac to the iPads?   I would prefer not to store credit card info on the kids iPads.
Whats the most efficient way to handle this?  Sorry for so many questions.  Its a hazard of being a newbie.
Thanks, Courtney

The best way I can think of is for each iMac user create their own account for them. Then when they log in they can sync to their own AppleID account. It keeps things simple and separate. If you don't know how to create accounts please look over http://docs.info.apple.com/article.html?path=Mac/10.7/en/mtusr001.html

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