Step 1: The distance covered in one revolution of a wheel is equal to the circumference of the wheel.
The formula for circumference is:
\[
C = 2\pi r
\]
Step 2: Substituting the given radius \( r = 14 \, \text{cm} \):
\[
C = 2 \times \pi \times 14 = 28\pi \, \text{cm}
\]
Step 3: The distance covered in 5 revolutions is:
\[
\text{Distance} = 5 \times 28\pi = 140\pi \, \text{cm}
\]
Using \( \pi \approx 3.14 \):
\[
\text{Distance} \approx 140 \times 3.14 = 440 \, \text{cm}
\]
Thus, the correct answer is \( \boxed{440 \, \text{cm}} \).