A bit of luck and a bit of googling, I confirmed it. Just double click AutoCAD while holding the shift key and AutoCAD for Mac will reset to default. This feature started in AutoCAD 2014 for Mac SP1 and it is noted in the Read Me. I hope you enjoy my second infographic.
Thanks to Hansel Diaz for confirming that this works and for sharing it with the community.
We recently found out that Avaya software uses Flexera software for licensing and it's also 32 bit. It's is best to use the Autodesk licensing software as 32 bit so that you can see the settings for both services and customize Autodesk products to use port 27001.
Thanks to Adam Giroux and Brad Hurley for sharing this tip with the community.