Step 1 :a. Calculate the surface area of a sphere with a radius of 5 cm: \(A = 4 \pi (5)^{2} \approx 314.2 \, cm^{2}\)
Step 2 :b. Find the radius of a sphere with a surface area of 500 cm²: \(r = \sqrt{\frac{500}{4 \pi}} \approx 6.3 \, cm \) (or \(63 \, mm\), rounded to the nearest mm)
Step 3 :\boxed{\text{Final Answer:}}
Step 4 :a. \boxed{314.2 \, cm^{2}}
Step 5 :b. \boxed{6.3 \, cm \, (63 \, mm)}