Step 1: Given information.
It is given that,
\[
\frac{AO}{OC} = \frac{1}{2} \quad \text{and} \quad \frac{BO}{OD} = \frac{1}{2}
\]
Also, \(AB = 5 \, \text{cm}\).
Step 2: Apply the concept of similar triangles.
Since \(AO/OC = BO/OD\), by the Converse of Basic Proportionality Theorem (Thales’ theorem), we have:
\[
AB \parallel CD
\]
Step 3: Use the property of parallel sides.
Since \(AB \parallel CD\) and \(AO/OC = 1/2\), the ratio of similarity between the two triangles \(AOB\) and \(COD\) is
\[
\frac{\text{AB}}{\text{CD}} = \frac{AO}{OC} = \frac{1}{2}
\]
Step 4: Find \(DC\).
\[
\frac{AB}{DC} = \frac{1}{2} \Rightarrow DC = 2 \times AB = 2 \times 5 = 10 \, \text{cm}
\]
Step 5: Conclusion.
Hence, the length of \(DC\) is \(\boxed{10 \, \text{cm}}\).