Step 1 :Given the functions $f(x)=x^{3}-5$ and $g(x)=\sqrt[3]{x+5}$, we can find $f(g(x))$ by substituting $g(x)$ into $f(x)$.
Step 2 :So, $f(g(x))=(\sqrt[3]{x+5})^{3}-5$.
Step 3 :Simplifying this gives $f(g(x))=x+5-5$.
Step 4 :So, $f(g(x))=\boxed{x}$.
Step 5 :There are no values that need to be excluded from $f(g(x))$, so the answer is B. No values should be excluded from the domain.
Step 6 :Next, we find $g(f(x))$ by substituting $f(x)$ into $g(x)$.
Step 7 :So, $g(f(x))=\sqrt[3]{(x^{3}-5)+5}$.
Step 8 :Simplifying this gives $g(f(x))=\sqrt[3]{x^{3}}$.
Step 9 :So, $g(f(x))=\boxed{x}$.
Step 10 :There are no values that need to be excluded from $g(f(x))$, so the answer is B. No values should be excluded from the domain.
Step 11 :Finally, we determine whether the functions $f$ and $g$ are inverses of each other.
Step 12 :Since $f(g(x))=x$ and $g(f(x))=x$, the functions $f$ and $g$ are inverses of each other.
Step 13 :So, the answer is Yes, the functions $f$ and $g$ are inverses of each other.