Step 1: Find the intersection and union of sets.
The intersection \( A \cap B \) is the set of elements common to both sets \( A \) and \( B \):
\[
A \cap B = \{4\}.
\]
The union \( A \cup B \) is the set of all elements in either set \( A \) or \( B \):
\[
A \cup B = \{2, 3, 4, 5\}.
\]
Step 2: Form the Cartesian product.
The Cartesian product \( (A \cap B) \times (A \cup B) \) is the set of all ordered pairs where the first element is from \( A \cap B \) and the second element is from \( A \cup B \):
\[
(A \cap B) \times (A \cup B) = \{(4, 2), (4, 3), (4, 4), (4, 5)\}.
\]
Step 3: Conclusion.
Thus, the correct answer is option (C).