Step 1: Understanding the Concept:
Order is the highest derivative present. Degree is the power of the highest-order derivative after the equation is made free of fractional powers of derivatives.
Step 2: Order:
The highest derivative is \(\frac{d^3y}{dx^3}\), so the order is 3.
Step 3: Degree:
Isolate the fractional term: \(\left(\frac{d^3y}{dx^3}\right)^{2/3} = 3\frac{d^2y}{dx^2} - 5\frac{dy}{dx} - 4\).
Cube both sides to remove the power \(\frac23\): \(\left(\frac{d^3y}{dx^3}\right)^2 = \left(3y'' - 5y' - 4\right)^3\).
The highest derivative now appears with power 2, so the degree is 2.
Step 4: Why the other options are wrong.
Degree 3 (A) comes from reading the 3 of the cube instead of the power of \(y'''\). "Not defined" does not apply because the equation can be made polynomial in derivatives.
Final Answer:
Order 3 and degree 2, option (B).
\[ \boxed{3,\ 2} \]